Examlex
The joint probability of two independent events,A and B,is computed as P(A and
B)= P(A)× P(B).
Consolidation Worksheet
A financial tool used to merge and organize the financial information of parent and subsidiary companies for reporting purposes.
Gross Profit Rate
A financial ratio that represents the portion of each dollar of revenue that remains after deducting the cost of goods sold, indicating the efficiency of production and pricing.
Equity Method
An accounting technique used by companies to assess the profits earned by their investments in other companies, where the investment gives the investor significant influence over the investee.
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