Given the Following Syllogism

question 248

Multiple Choice

Given the following syllogism:
All mammals are animals.

This syllogism:

• A) Commits the existential fallacy from the Aristotelian standpoint only.
• B) Is valid from both the Boolean and the Aristotelian standpoints.
• C) Is valid from the Boolean standpoint only.
• D) Is invalid from both the Boolean and the Aristotelian standpoints.
• E) Commits the existential fallacy from both standpoints.

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Definitions:

Realized

Pertains to gains or losses that have been incurred as a result of actual transactions as opposed to those that are theoretical or projected.

Earned

Income or revenue that has been generated or received for goods sold or services provided.

Retained Earnings

The portion of net income that is not distributed to shareholders but is instead reinvested in the business or kept as a reserve for certain purposes.

Completed Contract Method

A financial accounting approach where revenue and expenses of a contract are recorded only when the contract is fully completed.