An Accountant Wants to Know If the Property Taxes Paid

question 70

Multiple Choice

An accountant wants to know if the property taxes paid by clients who live in the city are different from those who live in the county.The property taxes paid by five clients from the city (sample 1) and five clients from the county (sample 2) are shown below. At the 5% significance level,the critical values are ___________.

• A) 18 and 37
• B) 19 and 36
• C) 18 and 36
• D) 19 and 37

---

Definitions:

Adjustments

At the conclusion of an accounting cycle, transactions recorded in financial documents to apportion revenues and costs to the true period of occurrence.

Ledger

The entire group of accounts maintained by a company.

Depreciation Expense Account

Represents the cost allocated for the reduction in the value of a tangible fixed asset over its useful life.

Worksheet

A paper or electronic document used to organize and simplify accounting information before the preparation of financial statements.