Knowledge Check 01 Which of the following describes the primary difference between U.S. GAAP and IFRS with respect to the statement of comprehensive Income? Multiple Choice -US GAAP los companies to report comprehensive income in other a single statement of comprehensive income or in two separate statements: -IERS requires a single statement approach IFRS Wows companies to report comprehensive income in other a single statement of comprehensive income or in two separate statement US GAAD requires two separate statements -Other comprehensive income items are simlar under the two sets of standards -An additional Ocem. changes in relation surplus possible under US GAAP

Answers

Answer 1

The primary difference between U.S. GAAP and IFRS with respect to the statement of comprehensive Income is -

IFRS allows companies to report comprehensive income in either a single statement of comprehensive income or in two separate statement ; US GAAP requires two separate statements.

What is IFRS?

International Financial Reporting Standards (IFRS) are a set of accounting rules for public companies' financial statements that aim to make them consistent, transparent, and easily comparable around the world.

The primary distinction between the two systems is that GAAP is a rules-based system, whereas IFRS is a principles-based system. This schism is visible in specific details and interpretations. Essentially, IFRS guidelines provide significantly less overall detail than GAAP.

Therefore, the comprehensive income under IFRS can be recorded in a single statement or two separate statements but for US GAAP, two separate statements are mandatory.

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Related Questions

With reference to the Johari Window, analyzing your dreams, fantasies, and slips of the tongue is a way of reducing the size of your: open pane. blind pane. unknown pane. hidden pane.

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The Johari Window, analyzing your dreams, fantasies, and slips of the tongue, is a way of reducing the size of your unknown pane.

What is Analysis?

A thorough inquiry of something complex in order to get the picture of it or identify its key elements: comprehensive investigation. Conducting a thorough analysis of the issue. A statement of such an investigation. Change of integrity of a whole into its component parts.

As, the term last window is referring to unknown pane, as there are some information to be included as  skills, behaviors, etc. These are unknown to the individual, to the others.

Therefore, The right option (B) is correct.

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Who was the theorist who emphasized that infants are active learners and that early learning is based on senses and motor skills?

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The theorist who emphasized that infants are active learners and that early learning is based on senses and motor skills was Jean Piaget.

Who emphasized that infants are active learners and that early learning is based on senses and motor skills?

Piaget was a Swiss psychologist who developed a theory of cognitive development that is widely used in the field of developmental psychology. He believed that children actively construct their understanding of the world through their experiences and interactions with their environment.

Piaget proposed that children go through four distinct stages of cognitive development, each characterized by a different way of thinking and understanding the world around them.

He argued that infants and young children learn primarily through their senses and motor skills, which they use to explore and manipulate their environment. This hands-on learning helps them develop new cognitive structures, such as concepts, mental representations, and problem-solving strategies, which they use to make sense of their experiences and interactions with others.

Overall, Piaget's theory highlights the importance of early experiences in shaping children's cognitive development and underscores the active role that children play in constructing their own understanding of the world .

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In the context of principles of ethical decision making, the _____ states that one should never take an action that does not result in greater good for society.

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Answer:

Principle of Utility

Explanation:

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Which diagram best connects a Central Asian country with an important event from its history? A. B. O C. O D. Kyrgyzstan Uzbekistan Turkmenistan Tajikistan Fought a war against Azerbaijan in the 1990s Established a policy of permanent neutrality Was the last country to declare independence from the Soviet Union Experienced civil war between communists and Muslims in the 1990s​

Answers

They included the Mongol subjugation of much of Eurasia, the Wu Hu raids on China, and the Hun invasion of Europe.

What Does "Established" Mean?

In essence, "founded" denotes the beginning or something really official, whereas "established" denotes the beginning of anything that has endured and can be created over a long period of time.

What purpose does "established" serve?

If you use the word established to refer to something like an organization, it means that because it has been around for a while, it has gained official recognition or is generally regarded favorably. They don't follow the recognized church as their place of worship.sit:

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Cultures characterized by individualism are tightly knit social frameworks in which individual members depend strongly on others and group decisions are valued and accepted. True or False

Answers

Answer:

False

Explanation:

Individualistic cultures, people are considered "good" if they are strong, self-reliant, assertive, and independent.

A third-degree burn is a very severe burn. It can cause additional complications in the body. Choose all possible concerns that may occur due to a third-degree burn.
a) electrolyte imbalances
b) dehydration
c) difficulty maintaining body temperature
d) decreased bone density
e) infection

Answers

The possible concerns that may occur due to a third-degree burn are

difficulty maintaining body temperatureinfectiondehydrationelectrolyte imbalances

What is a third-degree burn?

Third-degree burns destroy all three layers of skin because they break the fat layer beneath the dermis, making them very serious burn that also causes extra issues in the body.

Dehydration and electrolyte imbalance are brought on by a capillary leak brought on by an ever-present burn called a complete loss of sensation in the body of an individual wound caused by the third-degree burn.

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How can sports bodies promotes positive behaviours during soccer matches

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Answer:

Many athletes do better academically. Playing a sport requires a lot of time and energy. ...

Sports teach teamwork and problem-solving skills. ...

Physical health benefits of sports. ...

Sports boost self-esteem. ...

Reduce pressure and stress with sport

Explanation:

Hopefully this is the answer you are looking for.

An important advantage of direct behavioral observations is that:
a. it has high interrater reliability.
b. it does not rely on self-reports and self-interpretation of behaviors.
c. an individual rater can easily capture all the details of an interpersonal interaction.
d. the behavior of the individual is not forced and occurs naturally.
it does not rely on self-reports and self-interpretation of behaviors.

Answers

An important advantage of direct behavioral observations is that it does not rely on self-reports and self-interpretation of behaviors. (Option B).

What is Direct Behavioral Observation?

Direct behavioral observation does not rely on self-reports or self-interpretation of behaviors. This is an advantage because self-reports can be biased or inaccurate due to factors such as social desirability bias or memory limitations.

Direct observation allows researchers to observe and record behavior as it occurs in real-time, which can provide more objective and accurate data. However, direct observation also has limitations such as the potential for observer bias and the difficulty of capturing all relevant behaviors.

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which of the following are true regarding self-injury (choose every correct answer.) self-injury seems to be equally

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The true statement regarding self-injury are that:

it is not limited by race, ethnicity, or education.The incidence of self-injury is increasing.

What does the term self-injury means?

Also known as Self-harm is intentional behavior that is considered harmful to oneself. This is most commonly regarded as direct injury of one's own skin tissues usually without a suic/idal intention.

Some other terms such as cutting, self-injury, and self-mutilation have been used for any self-harming behavior regardless of suici/dal intent. The most common form of self-harm is using a sharp object to cut the skin.

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What was the effect of the Great Depression on crop prices in Texas?

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Answer: More factories close. Farmers suffered as crop prices fell even more. With no demand for new houses, the lumber industry collapsed, adding to the number of unemployed Texans.

Explanation:

A researcher conducts a series of interviews with fifteen people who successfully had projects funded on a major crowdsourcing website. A researcher sends emails to individuals who recently contributed to crowdsourcing projects asking them to fill out a questionnaire. comparative research ethnography experiment survey A researcher puts up two versions of a crowdfunding request to see how changing the race of the individual making the request impacts the amount of money raised. A researcher examines the different aspects of a project that lead to successful funding in the United States versus Australia. ype here to search OP e

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A researcher examines the different aspects of a project that lead to Ethnography through interviews, Email surveys, Variations in Crowdfunding Requests - Experiment and Comparative research on project elements.

What are the three types of crowdfunding?

Crowdfunding is a method of raising funds for a project or venture through the solicitation of small contributions from a large number of people, typically through the internet. Crowdfunding can be divided into three categories: Backers in reward-based crowdfunding receive a reward or perk in exchange for their contribution, such as early access to a product or service. Equity crowdfunding: In exchange for their contribution, investors receive a share in the company or project they are supporting. Debt crowdfunding, also known as peer-to-peer lending, is a type of crowdfunding in which investors lend money to a company or individual in exchange for interest on their investment over time.

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What is the homogeneity effect? What is ingroup homogeneity? What is the outgroup homogeneity?

Answers

Answer:

In the basis of social identity theory, we argue that the search for a positive social identity is characterized by the accentuation of perceived ingroup homogeneity relative to perceived outgroup homogeneity (the ingroup homogeneity effect).

Explanation:

fill in the blank.ronin feels that the best decisions result when his team members present conflicting proposals before choosing one. ronin believes the___method saves time by exploring opposing options up front.

Answers

Ronin believes the dialectic method saves time by exploring opposing options up front. As a result, the dialectic approach instructs managers to encourage an organized conversation or debate of competing ideas before reaching a decision.

What is the dialectic approach?

Dialectic, also referred to as the dialectical approach, is a discussion between two or more persons who have opposing viewpoints on a subject yet want to arrive at the truth by persuasive reasoning. Hegel claimed that Heraclitus invented the dialectic technique. Two theories—the theory of flow and the theory of the unity of opposites—can be used to describe his dialectical method.

Using a series of talks and questions on those discussions, which help to clarify the definition and discussion, Socrates' Dialectic technique is about seeking the truth and gaining real knowledge. The aim of the dialectical process is to attempt to resolve the conflict via reasoned discourse and the pursuit of reality in the matter.

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true/falsea type of explicit long-term memory that represents that portion of original learning that appears to be with a person pretty much forever is called memory.

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It is true that memory refers to the explicit long-term memory of the permastore kind, which represents the component of initial learning that appears to remain with a person essentially forever.

What is  long-term memory ?

Information that can be kept indefinitely stored for a long time—possibly for life—is referred to as long-term memory. Declarative or explicit memory and non-declarative or implicit memory are the two different categories of long-term memory. Any information that may be consciously evoked is referred to as explicit memory. Examples of long-term memory include the ability to recall significant events from the distant past (such as an early birthday, graduation, wedding, etc.), as well as practical knowledge gained from your first job after college. In the early and middle stages of Alzheimer's disease, long term memory is typically well preserved.

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(T/F) One objection to virtue ethics is that it's possible for a virtuous person to act entirely from virtue and still commit an immoral act.

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One objection to virtue ethics is that it's possible for a virtuous person to act entirely from virtue and still commit an immoral act is true.

What is virtue ethics?

Virtue ethics is person rather than action based and it looks at the virtue or moral character of the person carrying out an action, rather than at ethical duties and rules, or the consequences of particular actions. Virtue ethics not only deals with the rightness or wrongness of individual actions, it provides guidance as to the sort of characteristics and behaviours a good person will seek to achieve.

In that way, virtue ethics is concerned with the whole of a person's life, rather than particular episodes or actions.

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as a result of the growing complexity of the communication landscape, companies are adopting_____ as an approach to designing, communicating, and delivering a message through multiple strategies that work together and reinforce one another.

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As a result of the growing complexity of the communication landscape, companies are adopting integrated marketing communications as an approach to designing, communicating, and delivering a message through multiple strategies that work together and reinforce one another.

What is communication?

The term communication refers to the exchange of thoughts, ideas, and messages that are shared between two or more people. Without language, a person can survive, but without communication, no one can survive. Communication is divided into two categories, such as interpersonal and intrapersonal.

According to the complexity of the communication was the business are the adopted the integrated marketing communications. It was the easy to communicate the audience such as the designing, intercommunicating, and delivering a message. It was the used the multiple strategies.

As a result, the significance of the communication are the aforementioned.

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some of the health problems of sailors

Answers

Answer:

✿´`·.·´`✿7 Dangerous Diseases/Disorders Seafarers Should Be Aware Of

Hand Arm Vibration Syndrome (HAVS).Cardio-Vascular Disease (CVD).Musculoskeletal Disorder (MSD).Cancer.Sexually Transmitted Disease (STD).Pandemic And Epidemic Diseases.Hypertension.

plese brainlist me!!!)

dr. jones is known for his difficult pop quizzes. immediately before he springs a pop quiz on his students, he typically goes to the classroom door and closes it, and his students begin to feel anxious and tense. students soon learn to anticipate a pop quiz and feel anxious whenever dr. jones closes the classroom door. in classical conditioning's terms, closing the door has become a(n) stimulus.

Answers

The correct answer is conditioned stimuli. It is a previously neutral stimulus that, after becoming associated with the unconditioned stimulus, eventually comes to trigger a conditioned response.

What is conditioned stimuli?

A conditioned stimulus (CS) is a learning stimulus that can ultimately elicit a conditioned response.

In classical conditioning, a person or animal learns to associate conditioned stimuli (previously neutral stimuli) with unconditioned stimuli (unconditioned responses) that naturally evoke automatic behavior.

A conditioned stimulus, therefore, causes an organism to react to something because it is usually associated with something else, a reflex stimulus that elicits an automatic response.

The main difference between conditioned and unconditioned stimuli is that unconditioned stimuli are reflex responses that can naturally induce biologically involuntary actions, whereas conditioned stimuli can only do so after conditioning.

Before conditioning, the conditioned stimulus is neutral and cannot elicit the same behavior. There is no biological link between neutral stimuli and unconditioned responses.

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the concept that some things must just be, without need for justification or rationalization, is called the _______.

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Answer: Categorical imperative

Explanation: Kant's categorical imperative refers to the imperative that you should do your duty, act in a way you want everyone else to act, and to not use people

identify the key regional experiences of farmers in the south and the west and which experiences they had in common.

Answers

The main regional experiences of southern and western farmers and what experiences they had in common is agricultural technology and government policies.

What were the common experiences of farmers in the south and west?

Each region had particularities in agriculture related to climate, soil, treaties, etc., but both experiences in terms of technology can be compared, such as the development of tractors, harvesters and other agricultural equipment that increased efficiency and productivity.

Therefore, in addition to technology, government policies also impacted the agriculture of such regions, such as the New Deal programs that provided assistance to farmers during the Great Depression.

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Lucille has been asked to speak to a local group of volunteers who wish to serve as literacy tutors to disadvantaged children. Which of the following would help her explain her competence?
Stating that she volunteered for a local group called the Literacy Network

Answers

She may demonstrate her proficiency by mentioning that she participated for a local organization called the Literacy Network.

Which of these professional qualities enables a person to adjust quickly with the times?

Your capacity for adaptation determines how well you can adjust to changes in your surroundings. Being adaptable at work means having the ability to quickly respond to ideas, obligations, demands, trends, tactics, and other potential changes in procedures.

Who makes up the educational community? How do each of these people or groups support the education of children?

A community of learners is a group of people who actively engage in learning from one another and who share common values and viewpoints—students from teachers, teachers from students, and students from students.

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The following steps explain ___________: (1) observe the action or behavior; (2) assess the intent; (3) identify the source of motivation
attribution

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The following steps explain attribution observe the action or behavior assess the intent identify the source of motivation.

What is the concept of attribution?

The term "attribution" in psychology relates to how individuals classify the origins of their everyday live as either interior or external. Models that explain this process are known as attribution theories. a data source that doesn't need a precise profile, simply a reasonable amount of scientific certainty regarding the evidence's origin.

What makes attribution so crucial?

As we've seen, attribution is crucial since it enables marketers to gauge the success of their campaigns. It enables you to ascertain which advertising are producing the most return on investment for your company.

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according to the text, what is a reason women stay in abusive relationships? a. a desire for revenge b. a belief it is their fault c. the excitement d. security in the feeling of being controlled

Answers

According to the text, the reason women stay in abusive relationships and believe it is their fault. The correct option is b.

What is an abusive relationship?

Abuse means treating someone with violence, disrespect, cruelty, harm, or force. When someone treats their partner in any of these ways, it’s called an abusive relationship. Abuse in a relationship can be physical, sexual, or emotional. An abusive partner might use mean words, threats, or shaming. They might act with jealousy or controlling behaviour or with physical or sexual violence. These things can start small and build over time.

If someone is in an abusive relationship then they must seek help.

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atmospheric deposition is receiving increased attention in the scientific community, and has become the subject of a specific research area in the environmental sciences. acid rain is detrimental to our ecosystems and can be measured in several ways. which of the following methods would best identify changes from acid deposition in an area over time?

Answers

Long-term research examining the chemistry of soils, surface waters, and local life should be carried out in order to completely comprehend the impacts of acid deposition on habitats.

Which ecosystems serve as examples?

Agroecosystems, aquatic ecosystems, coral reefs, deserts, forests, human ecosystems, coastal zones, marine ecosystems, prairies, rainforests, savannas, steppes, taiga, tundra, urban ecosystems, and others are some examples of ecosystems.

What would you say the ecosystems is?

An ecosystem is a place where plants, animals, and numerous other creatures engage with the climate, topography, and other environmental variables to form a bubble of life. In habitats, biotic components cohabit with abiotic, or nonliving, elements. An example of a biological factor is a plant or animal.

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fill in the blank. how we use time in north america reveals insights into ourpersonalities and attitudes ___. additionally, the way we structure space and territory can provide information on our

Answers

How we use time in North America reveals insights into our personalities and attitudes, personalities and attitudes. Additionally, the way we structure space and territory can provide information on our objectives and ourselves.

What do mean by Personality?

Personality refers to the enduring trait and behavior which consist of a person's unique identity in life, including major characteristics, interests, drives, values, self-concept, abilities, and emotional patterns.

American culture puts a lot of importance on time and its importance. Timeliness is considered as one of the most important American values, defined as “the fact or attribute of being done or happening at a favorable or useful time”. Americans expect things to be done quickly and perfectly.

Therefore, personalities and attitudes, objectives, and ourselves are the correct answers.

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which of the following factors is (are) known to influence people's food choices? check all that apply.Religious beliefs Ethnic/cultural background Eye color Friends Health status

Answers

common values, beliefs, and traditions of a group of individuals. eating particular meals with cultural connotations. ethnic cuisine.

What types of traditions are there?

An Easter egg hunt is one of our community's long-standing customs that takes place the week before Easter. Before they begin to eat, they customarily express gratitude. Fridays are traditionally considered informal day at work. They no longer adhere to the customs of their forebears. Family customs might be as simple as making the birthday person's favorite birthday cake or taking them to dinner at their preferred restaurant. It might also be a hilarious or inside joke that the family tells every birthday as a tradition.

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a particular college requires students to live on campus during their first two years to help foster a sense of community among diverse groups. this

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To promote a sense of community among various groups, one college mandates that freshmen live on campus for the first two years.

What the term "community" means?

A community is a social group whose members have something in common, such as a common government, location, culture, or heritage. The term "community" can also be used to describe the actual place where such a group resides. Screen suffered a severe financial loss on their Community investment. The service decided against producing new seasons of the show because the contracts of the core cast were about to expire, which led to the show's permanent cancellation.

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a food manufacturing company motivates its employees to perform well by giving them more responsibilities and authority to make decisions. the company believes that giving more authority to employees makes them more dedicated and committed to their work. which of the following terms best describes this approach to job design? a.
Job enlargement
b.
Task identity
c.
Job rotation
d.
Job enrichment

Answers

The approach to job design described in the scenario is known as job enrichment. Option D

What is Job enrichment?

Job enrichment is a process of redesigning jobs to increase employee responsibility, autonomy, and decision-making authority. It involves adding tasks and responsibilities to a job to make it more challenging and interesting, while giving employees more control over how they perform their work.

In the scenario, the food manufacturing company is motivating its employees by giving them more responsibilities and authority to make decisions. This approach is designed to make employees more dedicated and committed to their work, as they are given more control over their work and are able to take ownership of their tasks.

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James is great at talking to his peers but is not so skillful when communicating with authority figures. This illustrates how communication competence is ____________.
O situationalO CoordinationO permanenceO social needs

Answers

James is great at talking to his peers but is not so skillful when communicating with authority figures. This illustrates how communication competence is situational. The correct option is (A).

What do you mean by communication competence?

The capacity to accomplish communicative goals in a socially proper manner is referred to as communicative competence.

To be a competent communicator, you must have cognitive knowledge of communication based on observation and instruction, understand how individual, social, and cultural contexts influence competence, and be able to adapt to those contexts.

There are four different leadership communication styles in the situational leadership model (coaching, mentoring, delegating and directing). These leadership communication styles can also be used to improve our everyday workplace conversations.

Therefore, James is great at talking to his peers but is not so skillful when communicating with authority figures. This illustrates how communication competence is situational.

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What type of experimental design does not randomly assign participants to treatment or control groups?

Answers

Quasi-Experimental Design is the type of experimental design does not randomly assign participants to treatment or control groups.

What is Quasi-Experimental Design?

An empirical interventional research known as a quasi-experiment uses randomization-free estimation to determine the causal effects of an intervention on the target population. The standard experimental design or the randomised controlled trial are comparable to quasi-experimental research, but they expressly do not include the aspect of random assignment to treatment or control. Instead, quasi-experimental designs frequently enable the researcher to regulate the assignment to the treatment condition, but using some other criterion than random assignment (e.g., an eligibility cutoff mark). [1]

Because the treatment and control groups could not be similar at baseline, quasi-experiments are prone to internal validity issues. In other words, it might not be able to establish a strong causal relationship between the treatment condition and the observed results.

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Can someone check my wrong answers for me. Greatly appreciated. Explain how the narrators time at her Baskin-Robbins job helps to develop a theme about how challenging experiences may lead to a person becoming more mature. Write a well-organized informational essay that uses specific evidence from the selection to support your answer Place the following actions with the correct phase of pulmonary ventilation is? is a dollar today worth more than a dollar tomorrow *? The function of mitochondria and chloroplasts is related to energy.Im what way does their function differ 2 reasons why Firni is a healthy food List the values of the displacement of the string at x = 4. 0 m at 1 s intervals from t = 0 s to t = 6 s which tests are most likely affected by the non-fasting state? Which of the following is NOT a guideline for helping the hearing impaired?A. Speak louder and shout if necessary.B. HypertensiveC. An angry patientD. facing forward the texture of gaude maria virgo is polyphony followed by chant. omplete the following function extract mentions that takes in the full text (not clean text!) column from a tweets dataframe and uses mentions re to extract all the mentions in a dataframe. the returned dataframe is: single-indexed by the ids of the tweets has one row for each mention has one column named mentions, which contains each mention in all lower-cased characters what is a red herring when studying parental and offspring generations, it can be difficult to pin down genetic (only) effects due to the high likelihood that parents and their offspring also. True or False g implement a program to find the average of 100 integers that are randomly generated, using both c and risc-v assembly, and simulate the assembly program execution using rars. 3 a. the c program must follow these steps: 1) declare an int array of 100 elements, and use a for loop to generate 100 integers and store them in the array; 2) use another for loop to accumulate those numbers by reading them from the array and adding up to a variable; 3) calculate the average by dividing the accumulated sum with 100, and 3) print the average and return the average. your program should not do the number generation and accumulation in one loop. write c program from https://repl.it/languages/c. the functions for generating random numbers can be found from lab 03 1-d stencil code. b. converting the c program to risc-v assembly and simulate its execution using rars. to use array in assembly code, your code needs to reserve space in the data section. check the memory.s file in rars repo (https://github/thethirdone/rars/blob/master/test/memory.s) for using .space to reserve memory for an array identified by a symbol, and how to use la instruction to load the memory address (first element of the array) to a register. A New Suit Matthew is shopping for a new suit. At K&G Menswear, he finds that the sale price of a suit that was reduced by 25% is $187.5 . Determine the regular price of the suit. the production benchmarks on p. 6 of each issue of the footwear industry report:_____. in a school orchestra, 2/5 o the students are string players of the string players 5/8 are girls what fractin of all the stuentd in the orchestra are girls who play string instruments. which characteristic best describes malaria? Why was the Missouri Compromise passed? to allow the citizens in Missouri to make decisions about whether their state would allow enslavement to resolve the issue of which states would be free and which states would allow enslavement in the future to provide a way for enslavement to eventually be banned from all states to settle land disputes among territories in the Louisiana Purchase What does the presence of molecular bands in the spectrum of a star indicate?A. The star has a low surface temperature.B. proportional to temperature to the fourth powerC. either more electrons that protons or more protons than electronsD. They never become giants.