Assume Your Favorite Football Team Has 2 Games Left to Finish

question 45

Multiple Choice

Assume your favorite football team has 2 games left to finish the season.The outcome of each game can be win,lose or tie.The number of possible outcomes is

• A)2
• B)4
• C)6
• D)9

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Definitions:

Corporate Groups

A collection of parent and subsidiary companies that function as a single economic entity through a common source of control.

Indirect Ownership Interests

Ownership in a company that is not held directly by the owner but through a chain of intermediary entities.

Sequential Consolidation Method

A process in accounting where the financial results of subsidiary companies are consolidated with the parent company's financial statements one after another, usually in the order of acquisition.