A completed six-column worksheet showing the debits and credits of all parties must be given to all parties at closing.

The financing activities section of a statement prepared using the direct method includes changes in ________

A) Accounts Payable B) Accounts Receivable C) Merchandise Inventory D) Long-term Notes Payable

What would you use to summarize a metric variable?

A) mean, range, standard deviation B) mode, range, standard deviation C) mean, frequency or percentage distribution D) metric distribution of the mean E) none of the above; you cannot summarize metric variables