Application of Skills Directions: Apply the Knowledge You Have Gained from Chapter 8

question 2

Multiple Choice

Application of Skills
Directions: Apply the knowledge you have gained from Chapter 8 to select the best answer to the questions about the following reading passage.
?Just Another Night
¹ It was just another night at the frat house. The drinking started early and usually didn't stop until dawn. One of my brothers, a popular easy-going guy named Ryan-not usually much of a drinker-was celebrating a big birthday: his twenty-first. Egged on by the hooting crowd, Ryan bolted down one drink after another, after another, after another.
² By the time Ryan reached 12 drinks, he was slurring his words. As he kept chugging drinks, his face looked flushed; he started sweating heavily. When Ryan lurched to his feet, he swayed unsteadily for a few moments and then collapsed. At first everyone laughed. Then we tried to revive him. We couldn't.
³ "He's not breathing!" I shouted. Someone called 911, and paramedics rushed Ryan to the nearest hospital. His blood-alcohol concentration was several times above the legal limit.Despite intensive efforts by the medical team, nothing helped. Ryan's twenty-first birthday was his last. Our party was over.
-adapted from Hales,  An Invitation to Health: Choosing to Change , p. 377
Paragraph 3 begins with a direct quotation from the narrator in order to?

• A) ?reveal the friendship the narrator had with Ryan.
• B) ?demonstrate that Ryan had an easy?going personality.
• C) ?give an example of how the crowd egged Ryan on.
• D) ?recreate the feeling of rising panic at the party.

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Definitions:

Equity Earnings

The proportion of earnings attributed to a parent company from its investment in subsidiaries or associates, recognized in its income statement.

Investment

The distribution of assets like money or time with the hope of earning revenue or gains.

Cost Method

An accounting approach used to measure the value of an investment, based on the cost to acquire it, minus any impairments.

Unamortized Acquisitional Fair Value Adjustments

The portion of the adjustments to the fair values of acquired assets and liabilities through an acquisition that has yet to be amortized over their useful life.