Use the Following Table,which Represents the Distribution of Income in the Countries

question 21

Multiple Choice

Use the following table,which represents the distribution of income in the countries of Traubia and Ginsland,to answer the following questions:

-What is the degree of income inequality in Traubia?

• A) 0.1
• B) 1
• C) 10
• D) 100
• E) 1,000

---

Definitions:

Profit and Loss Allocation

Profit and Loss Allocation involves distributing a business’s profits and losses among its various stakeholders or business areas.

Journal Entry

The record of a financial transaction in the accounting records of a business.

Other Assets

Assets that don't fit into the main categories of current assets, property, plant, equipment, or intangible assets.

Liquidation

The process of closing a business and distributing its assets to claimants.