What Is the Mean of the Following Data Set

question 16

Multiple Choice

What is the mean of the following data set?
6, 10, 13, 14, 15

• A) 9.0
• B) 11.6
• C) 13.0
• D) 16.4

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Definitions:

Accrual

The recognition of revenue or expenses that have been earned or incurred but not yet recorded or paid, following the accrual basis of accounting.

Adjusting Entries

Toward the end of an accounting period, entries are made to attribute revenues and expenditures to the period in which they essentially occurred.

Stockholders' Equity

The residual interest in the assets of the entity after deducting liabilities, representing the ownership interest of shareholders.