Determine If the Statement Is True or False $\log _ { 2 } ( 7 y ) + \log _ { 2 } 2 = \log _ { 2 } ( 7 y )$

question 246

True/False

Determine if the statement is true or false.
- $\log _ { 2 } ( 7 y ) + \log _ { 2 } 2 = \log _ { 2 } ( 7 y )$

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Definitions:

Times Interest Earned Ratio

A financial metric that evaluates how well a company can cover its interest expenses with its earnings before interest and taxes.

Net Income

Net income, also known as net profit, is the total profit of a company after all revenues, costs, and expenses have been deducted.

Interest Expense

The cost incurred by an entity for borrowed funds, reflecting the interest payments on debt over a particular period.

Par Value

A nominal or face value assigned to a share of stock by the corporation's charter, different from the market value.