Determine Whether the System Is Consistent A) Yes
B) No

question 39

Multiple Choice

Determine whether the system is consistent.
- $$\begin{aligned}x _ { 1 } + x _ { 2 } + x _ { 3 } & = 7 \\x _ { 1 } - x _ { 2 } + 2 x _ { 3 } & = 7 \\2 x _ { 1 } + 3 x _ { 3 } & = 15\end{aligned}$$

• A) Yes
• B) No

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Definitions:

LIFO Liquidation

A reduction in inventory that results when the number of units sold exceeds the number of units purchased, often resulting in lower costs and higher profits under Last-In, First-Out accounting.

Interim Reporting

The financial statements issued by a company for a period less than its full fiscal year, often quarterly, to provide timely information to investors.

Tax Liability

The total amount of tax owed by an individual or corporation to a taxing authority.

Dollar-Value LIFO

An inventory valuation method that uses the last-in, first-out (LIFO) principle, but adjusts for changes in the value of money over time.