The Table Given Below Reports the Price of Soda Over

question 37

Multiple Choice

The table given below reports the price of soda over four consecutive years.
Table 5.7
$\begin{array}{c}\text { Price Data }\\\begin{array}{|c|c|c|}\hline \text { Year } & \text { Base-Year Soda Price } & \text { Current Soda Price } \\\hline 1 \text { (base year) } & \$ 0.30 & \$ 0.30 \\\hline 2 & \$ 0.30 & \$ 0.45 \\\hline 3 & \$ 0.30 & \$ 0.55 \\\hline 4 & \$ 0.30 & \$ 0.65 \\\hline\end{array}\end{array}$
-Refer to Table 5.7. Compute the price index for the third year.

• A) 150
• B) 183
• C) 100
• D) 118
• E) 130

---

Definitions:

Fair Value

An estimate of the market value of an asset or liability, based on current prices in an orderly transaction between willing participants.

Financial Assets

Any assets that are cash, an ownership interest in an entity, or a contractual right to receive or deliver cash or another financial instrument.

IFRS

International Financial Reporting Standards are a set of accounting rules and standards for financial statement preparation, recognized globally.

Noncontrolling Interest

A share in the equity of a subsidiary not held by the parent company, reflecting outside ownership's share of the subsidiaries' net assets.