A Card Is Drawn from a Standard Deck of 52 $\frac { 3 } { 13 }$

question 46

Multiple Choice

A card is drawn from a standard deck of 52 playing cards. Find the probability that the card is a picture card.

• A) \(\frac { 3 } { 13 }\)
• B) \(\frac { 1 } { 13 }\)
• C) \(\frac { 4 } { 13 }\)
• D) \(\frac { 8 } { 13 }\)

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Definitions:

Goodwill

An intangible asset that arises when a business is purchased for more than the fair value of its net identifiable assets.

Acquisition

The process by which a company purchases most or all of another company's shares or assets, in order to take control or ownership of that company.

Fair Value

The cost expected to be received for an asset sale or to be paid for transferring a liability during a well-organized interaction between market actors as of the valuation moment.

Subsidiary's Equity

The portion of equity (capital and reserves) in a subsidiary company that is attributable to its owners, including both parent and non-controlling interests.