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Automatic traction control (ATC) systems are being discussed. Technician A says an ATC system uses the same wheel speed sensors as the ABS system uses. Technician B says that with some early ATC systems, the ATC function was also under control of the ABCM. Who is correct?
Equity Method
An accounting technique used by a company to record its investment in another company when it holds significant influence but not full control.
Amortization
The gradual reduction of a debt over a period of time through regular payments that cover both principal and interest.
Net Book Value
The total value of a company's assets minus its liabilities and intangible assets, indicating the net worth of the company's tangible assets.
Consolidated Net Income
The combined net income of a parent company and its subsidiaries, factoring in the effects of intercompany transactions.
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