Table 20-1 The Following Table Shows the Distribution of Income in Thomasville

question 335

Multiple Choice

Table 20-1
The following table shows the distribution of income in Thomasville.

-Refer to Table 20-1.Fifty percent of all families have incomes below what level?

• A) $28,000
• B) $50,000
• C) $85,000
• D) There is insufficient information to answer this question.

---

Definitions:

Common Stock

Type of equity security that represents ownership in a corporation, with rights to vote on corporate matters and share in the profits through dividends.

Retained Earnings

Earnings not distributed as dividends but retained by the company to reinvest in its core business or to pay debt.

Par Value

A nominal value assigned to a share of stock in the corporate charter, not necessarily related to its market value.

Acquisition Method

The accounting method used in consolidating the financial statements of a parent company and its subsidiaries, wherein the assets and liabilities of the subsidiary are measured at their fair values at the acquisition date.