Assess the Following as Probably True,as Probably False,as Requiring Further

question 36

Short Answer

Assess the following as probably true,as probably false,as requiring further documentation before judgment,or as a claim that cannot properly be evaluated.Consider both the nature of the claim and the source.
Remark heard in a coffee shop:"There is a disproportionate percentage of left-handed people in politics."

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Definitions:

Common Shares

Equity securities representing ownership in a company, giving holders voting rights and a share in the company's profits via dividends.

Equity Method

An accounting technique used to record investments in other companies, where the investment is initially recorded at cost and adjusted for the investor’s share of the investee’s profit or loss.

Cost Method

An accounting method used to value an investment, wherein the investment is recorded at its acquisition cost without recognizing periodic income but dividends received are recorded as income.

NCI

An interest in a subsidiary not held by the controlling parent, representing a share of the subsidiary’s equity and profits or losses not owned by the parent company.