Which of the Following Statements Is NOT True

question 96

Multiple Choice

Which of the following statements is NOT true?

• A) Sales Discounts is a contra-revenue.
• B) Freight costs are included when determining discounts.
• C) Sales Returns & Allowances has a DR normal balance.
• D) Purchase Discounts is a contra account.

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Definitions:

F Statistic

A ratio of variances that is used in the analysis of variance (ANOVA) to assess the significance of group differences.

Population Variances

A measure of the spread of a population's values.

Sample Sizes

The number of observations or elements chosen from a population to be included in a sample, affecting the accuracy and reliability of statistical analysis.

F-test

A statistical test used to compare two populations' variances to ascertain if they come from distributions with equal variances.