Which Statement Is Not True

question 1

Multiple Choice

Which statement is not true?

• A) The balance sheet can be presented in account form or narrative form.
• B) The account form balance sheet lists all the elements in one column.
• C) In Australia the narrative form balance sheet is the most common.
• D) The basic layout for the account form balance sheet is assets = liabilities + equity.

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Definitions:

SRS

A sampling method where each element of a population has an equal chance of being selected, ensuring that the sample represents the population fairly.

Null Hypothesis

A hypothesis that suggests there is no statistical significance in the given set of observations, often denoted as H0 and used as a default hypothesis to be tested.

Significance Level

A threshold chosen by the researcher which denotes the probability of rejecting the null hypothesis when it is actually true, often denoted as alpha.

SRS

A simple random sample, which is a subset of a statistical population in which each member of the subset has an equal probability of being chosen.