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The cash method can always be used by a corporation even if inventory and cost of goods sold are a significant income-producing factor in the business.
Probability Density Function
A function that describes the relative likelihood for a continuous random variable to occur at a particular point.
Continuous Random Variable
A type of random variable that can take an infinite number of values in a continuous range.
Probability Mass Function
A function that gives the probabilities of discrete outcomes.
Binomial Distribution
A probability distribution that summarizes the likelihood that a value will take one of two independent states under a given number of observations.
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