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What are the accounting basics for debt securities, including recording their acquisition, interest earned, and their disposal?
Addition Rule
The addition rule is a fundamental principle in probability that determines the probability of the union of two events happening, considering both their individual probabilities and their intersection.
Lightning
A natural, high-voltage electrical discharge occurring within a cloud, between clouds or between a cloud and the ground.
State Lottery
A government-run gambling game in which participants buy tickets with numbered selections, hoping their numbers match the randomly drawn numbers for cash prizes.
Addition Rule
A fundamental principle in probability theory that calculates the probability of either of two mutually exclusive events occurring.
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