A Study of 200 Computer Service Firms Revealed These Incomes

question 56

Multiple Choice

A study of 200 computer service firms revealed these incomes after taxes: What is the probability that a particular firm selected has $1 million or more in income after taxes?

• A)0.00
• B)0.25
• C)0.49
• D)0.51

---

Definitions:

Basic Earnings

The income earned by a company divided by the total number of shares outstanding; a measure of the company's profitability.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is globally accepted for financial reporting.

Noncash Consideration

Payment made in a form other than cash, such as property, goods, or services, during transactions.

Dividends Payable

Refers to the amount of dividends that a company has declared to pay out to its shareholders but has not yet distributed.