Which Statement Is Incorrect

question 6

Multiple Choice

Which statement is incorrect?

• A)The triangular distribution always has a single mode.
• B)The mean of the triangular distribution is (a + b + c)/3.
• C)The triangular distribution is right-skewed.

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Definitions:

Goodwill

An intangible asset representing the excess value paid over the net fair value of identifiable assets and liabilities during an acquisition.

Parent-Company Extension Method

An accounting technique used to consolidate the financial statements of a parent company and its subsidiaries, where the entire business is treated as an extension of the parent company.

Goodwill

A non-physical asset that is created when one company is bought by another for an amount exceeding the fair market value of the acquired company's net identifiable assets.

Non-Controlling Interest

The portion of equity ownership in a subsidiary not attributed to the parent company, often reflected in the consolidated financial statements.