Twenty-Four Students Are Selected as Semifinalists for a Literary Award

question 70

Multiple Choice

Twenty-four students are selected as semifinalists for a literary award.Of the twenty-four students, fourteen finalists will be selected.In how many ways can fourteen finalists be selected from the twenty-four students?

• A) 38,760
• B) 319,770
• C) 4,457,400
• D) 1,961,256
• E) 116,280

---

Definitions:

Fair Value

The estimated price at which an asset or liability could be traded in an orderly transaction between market participants at the measurement date.

Consolidation Elimination

The process of removing intra-group transactions and balances from the consolidated financial statements of a group of companies.

Cost Method

An accounting approach for investments, where the investment is recorded at its acquisition cost without reflecting the investee's performance.

Straight Line Amortization

A technique for distributing the expense of an intangible asset evenly over its lifespan in yearly increments.