The Conversion of Preference Shares May Be Recorded by the

question 52

Multiple Choice

The conversion of preference shares may be recorded by the

• A)incremental method.
• B)book value method.
• C)market value method.
• D)par value method.

---

Definitions:

Price-Consumption Curve

A curve in economics that shows the changes in an individual's consumption of two goods as the price of one good changes, holding the individual's utility level constant.

Engel Curve

A graphical representation showing how household spending on a particular good or service changes with income.

Upward-Sloping

A description of a line or curve on a graph that indicates an increase in a variable as another variable increases.

Individual Demand Curve

Curve relating the quantity of a good that a single consumer will buy to its price.