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Regarding the accounting equation,which of the following is a correct statement?
Events
Outcomes or occurrences that can be clearly defined, measured, and distinguished from other events in a probability context.
Outcomes
The possible results or consequences of an experiment, procedure, or situation.
Event
An outcome or a set of outcomes of a random experiment or phenomenon, which can be quantified for analysis in probability and statistics.
Simple Events
Basic occurrences or outcomes in probability that cannot be broken down into simpler components.
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