Outer Banks Corporation Sells 300 Shares of Common Stock Being

question 38

Short Answer

Outer Banks Corporation sells 300 shares of common stock being held as an investment. The shares were acquired six months ago at a cost of $40 a share. Outer Banks sold the shares for $43 a share. The entry to record the sale is

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Definitions:

Assumption Cells

In spreadsheet modeling, cells where the user can input assumptions that affect the outcomes of predictive models or simulations.

Run Preferences

Specific choices or settings selected for a computational or simulation run to affect its behavior or outcome.

Latin Hypercube Sampling

Latin Hypercube Sampling is a statistical method used to generate a sample of plausible collections of parameter values from a multidimensional distribution, often used in uncertainty analysis and optimization.

Monte Carlo Sampling

A statistical technique that uses random sampling and repeated simulations to compute results for complex problems.