The Simultaneous Occurrence of Events a and B Is Represented

question 141

Multiple Choice

The simultaneous occurrence of events A and B is represented by the notation ________.

• A) AUB
• B) A|B
• C) A∩B
• D) B|A

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Definitions:

Net Assets

The total assets of an organization minus its total liabilities, indicating the net worth or equity of the company.

Net Sales

Net sales are the amount of revenue generated from sales activities after deducting returns, allowances for damaged or missing goods, and any discounts allowed.

Net Income

The total earnings of a company after subtracting all expenses, including taxes and interest, from its total revenue.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to ensure a company's bookkeeping system is mathematically correct.