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Ms. Beloit wants to describe her students' performance on a classroom achievement test in a way that her students can understand,so she scores it in terms of the percentage of correct items. Which type of score is Ms. Beloit using?
Net Income
The net income a company earns once all costs and taxes are subtracted from its total revenues.
Consolidated Gain
The total profit achieved by a group of consolidated entities or a parent company and its subsidiaries, usually reported in consolidated financial statements.
Equipment
Machinery, tools, or other items that are necessary for the production of goods or services.
Equity Method
An accounting technique used to record investments in other companies where the investor has significant influence but does not have full control.
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