If Two Events Are Collectively Exhaustive,what Is the Probability That

question 102

Multiple Choice

If two events are collectively exhaustive,what is the probability that both occur at the same time?

• A)0.
• B)0.50.
• C)1.00.
• D)Cannot be determined from the information given.

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Definitions:

Eliminating Journal Entries

Eliminating journal entries are used in the consolidation process to remove the effects of inter-company transactions among entities within a consolidated group.

Consolidated Worksheet

An internal document used by accountants to combine the financials of a parent company and its subsidiaries, helping in the preparation of consolidated financial statements.

Consolidated Bonds Payable

The total amount of bonds owed by both a parent company and its subsidiaries as presented in consolidated financial statements.

Proposal

A plan or suggestion put forward for consideration or discussion, especially in a business or formal context.