During the Third Quarter of 20X8,Pride Company Sold a Piece

question 52

Multiple Choice

During the third quarter of 20X8,Pride Company sold a piece of equipment at an $8,000
Gain.What portion of the gain should Pride report in its income statement for the third
Quarter of 20X8?

• A) $0
• B) $2,000
• C) $4,000
• D) $8,000

---

Definitions:

Normally Distributed

Describes a distribution that is symmetric around the mean, bell-shaped, and characterized by its mean and standard deviation.

Mean

The average value of a set of numbers, computed by dividing the sum of these numbers by the count of numbers in the set.

Median

The middle value in a list of numbers, which separates the higher half from the lower half of the dataset.

Normally Distributed

Describes a data set where most values cluster around a central mean value, forming a symmetric, bell-shaped distribution curve.