A Food Label Ingredient List Reads in the Following Order

question 7

Multiple Choice

A food label ingredient list reads in the following order: Wheat flour, vegetable shortening, sugar, salt, and cornstarch. What item would be found in the SMALLEST amount in this food?

• A) salt
• B) sugar
• C) cornstarch
• D) wheat flour
• E) vegetable shortening

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Definitions:

Equity Method

An accounting technique used to record investments in which the investor has significant influence over the investee but does not fully control it.

Effective Income Tax Rate

The mean rate at which a person or company is taxed, determined by dividing the total amount of tax owed by the taxable income.

Net Income

The amount of profit left over after all operating expenses, taxes, and interest payments are deducted from total revenue. It is a key indicator of a company's profitability.

Dividends

Payments made by a corporation to its shareholders, usually as a distribution of profits.