The Mean Age of Five Members of a Family Is

question 27

Multiple Choice

The mean age of five members of a family is 40 years.The ages of four of the five members are 61,60,27,and 23.The age of the fifth member is:

• A)32
• B)27
• C)29
• D)35

Recognize and calculate goodwill arising from the acquisition of an interest in an associate.

Comprehend the implications of revaluations by an associate on the investor's financial statements.

Understand the accounting treatments and disclosures required for investments in associates including the discontinuation of equity method due to incurred losses.

Understand the concept and calculation of direct and indirect non-controlling interests (NCI) in a multi-level subsidiary structure.

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Definitions:

Mean Number

The average value in a set of numbers, calculated by summing all numbers and dividing by the count of the numbers.

Mean

The average of a set of numbers, calculated by dividing the sum of all values by the number of values.

Median

The middle value in a dataset when ordered from smallest to largest, serving as a measure of central tendency.

Mode

The value that appears most frequently in a data set, a measure of central tendency.