Determine Whether the Given Value Is from a Discrete or Continuous

question 45

Multiple Choice

Determine whether the given value is from a discrete or continuous data set. The time it takes a computer to complete a task.

• A) Continuous
• B) Discrete

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Definitions:

Unamortized Premium

The portion of the bond premium that has not yet been expensed in the income statement through amortization.

Effective Interest Rate

The actual rate of interest earned or paid on a loan or investment, taking into account compounding.

Eliminating Journal Entries

Eliminating journal entries are used in the consolidation process to remove the effects of inter-company transactions among entities within a consolidated group.

Consolidated Worksheet

An internal document used by accountants to combine the financials of a parent company and its subsidiaries, helping in the preparation of consolidated financial statements.