In the Following Frequency Distribution Table,what Is the Error

question 30

Multiple Choice

In the following frequency distribution table,what is the error?

• A)The frequency of the score of 8 is incorrect.
• B)The rel f for the score of 6 is incorrect.
• C)The cf for the score of 6 is incorrect.
• D)There are no errors.

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Definitions:

Aging the Accounts

The process of categorizing and reviewing accounts receivable based on the length of time an invoice has been outstanding.

Adjusting Entry

A journal entry made in accounting records to update the balances of accounts at the end of an accounting period.

Bad Debt Expense

An estimate of receivables that a company does not expect to collect, recognized as an expense in the income statement.

Open Account

A type of credit arrangement where goods and services are delivered with the understanding that payment will be made at a later date.