Use the Following Information to Answer the Following Questions

question 107

Multiple Choice

Use the following information to answer the following Questions:
Below are the ages of 15 students in a college class.
27, 50, 33, 25, 86, 25, 85, 31, 37, 44, 20, 36, 59, 34, 28
-What is the median age?

• A) 34
• B) 31
• C) 41.3
• D) 20.6

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Definitions:

Initial Value Method

An accounting practice where an investment is recorded at its original purchase cost.

Full-Accrual Totals

Accounting figures that include all revenues earned and expenses incurred, regardless of cash transactions.

Consolidation Worksheet

A tool used in preparing consolidated financial statements for a group of companies, allowing for the elimination of intercompany transactions and balances.

Income

Earnings generated from business activities over a period, often categorized as net, gross, operating, or non-operating income.