The Graph Below Displays the Number of Applications for a Concealed

question 5

Multiple Choice

The graph below displays the number of applications for a concealed weapons permit in Montcalm County, Michigan, for each of three years. A reported interprets this graph to mean that Applications in 2010 are more than twice the level in 2008. Is the reported making a correct
Interpretation?

• A) Yes. The bar for 2010 is twice the height of the bar for 2008 and the number of applications indicated above the bars shows that applications in 2010 are more than twice the level in 2008.
• B) No. Although the 2010 bar is more than twice the height of the 2008, the bars do not begin at 0 applications, so the graph does not correctly represent the data. Fifty-five is not equal to two Times the number of applications made in 2008.
• C) No. The width of the bars is identical, indicating that the number of applications in 2010 is no different from 2008.

---

Definitions:

Date of Record

The specific date on which a company determines the eligible shareholders for receiving dividends or other corporate distributions.

Stock Dividend

A dividend payment made in the form of additional shares rather than cash, increasing the total number of shares owned by shareholders.

Par Value

Refers to the nominal or face value of a bond, stock, or coupon as stated by the issuer.

Prior Period Adjustments

Corrections of errors in financial statements of previous periods or adjustments due to changes in accounting policies, applied retrospectively.