Is the Set {0, 1, 2, 3, 4, 5, 6}

question 31

Short Answer

Is the set {0, 1, 2, 3, 4, 5, 6} a group for addition modulo 7? Answer yes or no.

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Definitions:

Impairment Testing

The process of evaluating assets for indications of reduced recoverability, assessing whether their carrying value exceeds their recoverable amount.

Tangible Capital Assets

physical assets owned by a business that are used in its operations and have a useful life extending beyond a single accounting period.

Future Cash Flows

the projected cash receipts and payments a business expects to incur over a future period, crucial for financial modeling and valuation.

Fully Authorized

Pertains to a company having received all necessary approvals or sanctions to issue shares or undertake actions as per its governance framework or regulatory requirements.