Graph the Line That Passes Through the Point (-4, 8)

question 65

Multiple Choice

Graph the line that passes through the point (-4, 8) and has an x -intercept of -2. What is the y -intercept of this line?

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Definitions:

FIFO System

The FIFO (First In, First Out) system is an inventory valuation method where the first items placed in inventory are the first sold, aiming to match sales with the costs of the oldest inventory.

Goodwill Impairment

An accounting concept that occurs when the carrying value of goodwill exceeds its fair value, indicating that the asset has lost value.

FIFO System

"First In, First Out," an inventory valuation method where goods first added to inventory are the first ones to be sold.

Straight Line Amortization

A method of allocating an asset's cost evenly across its useful life.