Primary data refer to multiple choice facts and figures that are newly collected for a project at hand. conclusions developed from information obtained from a representative sample of a population. facts and figures obtained by watching people mechanically rather than in person. facts and figures obtained by asking people questions through the use of information technology.

Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of