In constructing a frequency distribution, the approximate class width is computed as
a. (largest data value - smallest data value)/number of classes
b. (largest data value - smallest data value)/sample size
c. (smallest data value - largest data value)/sample size
d. largest data value/number of classes
A
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A company with a capital structure that shifts more toward debt financing will appear to be in a stronger position to pay interest and any principal amount that may be maturing by using its cash flows generated by operating activities
a. True b. False Indicate whether the statement is true or false
Using electronic data storage never causes a data security concern because computers rarely have issues with unauthorized access
Indicate whether the statement is true or false
Unfunded estate liquidity may exist at death if
A) you have a life insurance protection gap. B) you need to plan for the retirement need of your survivors. C) your survivors have insufficient cash to pay immediate death related expenses. D) you do not have the correct type of life insurance.
When compared to an audit performed prior to 1900, an audit today:
A. Is less likely to include consideration of the effectiveness of internal control. B. Is more likely to use sampling. C. Has bank loan officers as the primary financial statement user group. D. Includes a more detailed examination of all individual transactions.