What Is the Value of SP for the Following Set $$\begin{array} { l l } X & Y \\4 & 3 \\1 & 2 \\1 & 5 \\2 & 6 \\\hline\end{array}$$

question 33

Multiple Choice

What is the value of SP for the following set of data?? $$\begin{array} { l l } X & Y \\4 & 3 \\1 & 2 \\1 & 5 \\2 & 6 \\\hline\end{array}$$

• A)-1?
• B)?-5
• C)?5
• D)?1

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Definitions:

FMV

Fair Market Value; an estimate of the market value of an asset, based on what a willing buyer would pay to a willing seller.

Subchapter S Corporation

A type of corporation that meets specific Internal Revenue Code requirements, offering the benefits of limited liability of a corporation but is taxed as a pass-through entity.

Taxed

Subject to taxation by governmental authority, involving the imposition of financial charges on individual or corporate income, property, goods, services, or transactions.

Partnership

A business organization where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.