1. J ⊃ (K ⊃ L)

question 201

Multiple Choice

1. J ⊃ (K ⊃ L)
2. M ⊃ K
3. M ⊃ J
4. M • K
-Which of the following propositions is an immediate (one-step) consequence in PL of the given premises?

• A) J
• B) M ⊃ L
• C) M ⊃ (K ⊃ L)
• D) All of the above
• E) Options B and C, but not option A

---

Definitions:

Price-level Accounting

An accounting method that adjusts financial statements to reflect changes in the purchasing power of money due to inflation or deflation.

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term liquidity of the company.

Long-term Investments

Investments made with the intention of holding them for an extended period, typically more than one year, such as bonds, stocks, or real estate.

Accounts Receivable

Funds that a company is yet to receive from its customers for products supplied or services rendered but haven't been paid for.