Generally Accepted Accounting Principles Do Not Restrict or Limit a Company's

question 47

True/False

Generally accepted accounting principles do not restrict or limit a company's freedom to change accounting methods from one year to the next.

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Definitions:

Normal

A term often used to describe data following a bell-shaped, symmetrical distribution around a central value, with predictable patterns as far as spread and outliers.

Bootstrap Distribution

A technique in statistics for estimating the distribution of a statistic by resampling with replacement from the original sample.

Normal

In statistics, this describes a distribution that is symmetric around the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Resamples

In statistics, resampling is a method that involves drawing repeated samples from the original data samples.