Write a Method Called Average That Accepts an Array of Floating

question 15

Essay

Write a method called average that accepts an array of floating point numbers and returns their average.

Recognize the special accounting treatment for foreign currency translation adjustments and their effect on other comprehensive income.

Understand the equity method of accounting for investments and its application criteria.

Analyze and record the sale of stock investments including the calculation of gains or losses.

Identify the proper accounting treatment for dividends and interest received from investments.

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Definitions:

Finished Goods Inventory

Unsold inventory of products that are ready for the market.

Raw Materials Inventory

The total cost of all components and materials held by a company that are intended to be used in the production process.

Budgeted Cost

An estimate of the financial expenditure for a particular operation, project, or production process over a set period.

Raw Materials

Basic substances or components that are processed or transformed into a finished product.