The mean of a standard normal probability distribution _____
a. is always equal to 1
b. can be any value as long as it is positive
c. can be any value
d. None of the answers is correct.
d
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When an on-duty lifeguard must interact with people in a pleasant and professional manner and go repeatedly into the pool even though he has severe sunburn, the lifeguard is performing empathetic labor.
Answer the following statement true (T) or false (F)
In addition to the balance sheet, the income statement, and the statement of cash flows, a complete set of financial statements must include:
a. an auditor's opinion. b. a ten-year summary of operations. c. a note disclosure of such items as accounting policies. d. historical common-size (percentage) summaries. e. a list of corporate officers.
Purchaser Corporation acquires 30% of the outstanding voting common shares of the Investee Corporation for $600,000 . Purchaser Corporation acquires the investment in Investee Corporation by buying previously issued shares of Investee Corporation from other investors. When Purchaser Corporation acquired 30% of Investee Corporation's common shares for $600,000, Investee Corporation's total
shareholders' equity was $1.5 million. Purchaser Corporation's cost exceeds the carrying value of the net assets acquired by $150,000 [ $600,000 - (0.30 x $1,500,000)]. What is/are the accounting procedure(s) for this premium? a. The investor's accounting for the excess purchase price embedded in the Investment in Stock of Investee Corporation account is similar to the treatment of an excess purchase price in a business combination. b. The investor identifies any recorded assets and liabilities with fair values that differ from their carrying values, as well as any unrecorded assets and liabilities. c. The investor attributes the excess purchase price to the assets and liabilities with fair values that differ from their carrying values, as well as any unrecorded assets and liabilities, based on the investor's proportionate ownership interest. d. The investor attributes the excess purchase price to the assets and liabilities with fair values that differ from their carrying values, as well as any unrecorded assets and liabilities, based on the investor's proportionate ownership interest and any remaining excess purchase price to goodwill. e. all of the above
Formal proposals differ from informal proposals only in length
Indicate whether the statement is true or false