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Instructions: the Following Sentences Form a Passage

question 240

Multiple Choice

Instructions: The following sentences form a passage. Select the correct adjective or adverb for each blank. In 2012, the 100 th anniversary of the sinking of the Titanic revived interest in the ship, which was considered the ____, sturdiest luxury ocean liner ever constructed.


Definitions:

Unrealized Profits

Gains that have been achieved on paper from an investment but have not yet been realized through a sale or transaction.

Intercompany Sales

Transactions of goods or services between subsidiaries within the same corporate group, not affecting consolidated revenue.

Mark-Up

The amount added to the cost price of goods to cover overhead and profit in setting the selling price.

Cost Method

An accounting approach where investments are recorded at their acquisition cost, without reflecting the investor's share of the investee's profits or losses until dividends are received.

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