Identify which of the following accounts would appear on a balance sheet.
Definitions:
Monte Carlo Simulation
A statistical technique employing random variables to simulate a model numerous times, thereby estimating the probable outcomes of various decisions or future events.
Cumulative Probability
The probability that a random variable is less than or equal to a specific value, often visualized as the area under the probability distribution curve to that point.
Demand Probability
The likelihood that a product or service will be purchased at various price levels within a specified time period.
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