If the Probability of Event a Is

question 133

Multiple Choice

If the probability of event A is .40 and the probability of event B is .35,what is the probability that event A or B will occur,if A and B are independent?

• A).14
• B).61
• C).75
• D)cannot be determined

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Definitions:

Parent-Company Extension Method

This method involves the accounting for investments in subsidiaries from the perspective of the parent company, focusing on the extension of the parent company's financial statements to include its interest in subsidiaries.

Entity Method

An approach in accounting that records the investments of a parent company in a subsidiary as distinct separate entities.

Consolidated Net Income

The total net income of a parent company and its subsidiaries after eliminating inter-company transactions.

Non-Controlling Interest

This refers to the portion of equity in a subsidiary not owned by the parent company, representing minority shareholders' rights in the subsidiary's net assets.