Solve the Problem $$\text { The graph below shows the number of tuberculosis deaths in the United States from } 1989 \text { to } 1998 .$$

question 313

Multiple Choice

Solve the problem.
- $$\text { The graph below shows the number of tuberculosis deaths in the United States from } 1989 \text { to } 1998 .$$

Estimate the average rate of change in tuberculosis deaths from 1996 to 1998.

• A) About -0.5 deaths per year
• B) About -90 deaths per year
• C) About -50 deaths per year
• D) About -20 deaths per year

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Definitions:

Contingent Liability

(a) A possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity; or (b) a present obligation that arises from past events but is not recognised because: (i) it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation; or (ii) the amount of the obligation cannot be measured with sufficient reliability.

Business Combination Valuation

The process of estimating the value of different companies coming together through acquisitions or mergers.

Pre-acquisition Entries

Pre-acquisition entries are journal entries made to account for the assets, liabilities, and any non-controlling interest of a company acquired in a business combination at the acquisition date.

Consolidated Cash Account

A single cash account that combines the cash balances of a parent company and its subsidiaries to reflect total available cash.