Examlex
During the current year a partly owned subsidiary has made a transfer from retained earnings to a general reserve.Which of the following lines would appear in the NCI journal relating to the current year transfer?
Probability
A numerical measure of the likelihood of a specific event occurring, ranging from 0 to 1.
Mutually Exclusive
Mutually exclusive refers to events in probability and statistics that cannot occur at the same time, indicating that the occurrence of one event necessarily excludes the occurrence of the other.
Collectively Exhaustive
A set of events is collectively exhaustive if at least one of the events must occur.
Probability
A measure of the likelihood that an event will occur, expressed on a scale from 0 (impossibility) to 1 (certainty).
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