Table 16-12

question 48

Multiple Choice

Table 16-12.Will's expenditures on food for three consecutive years,along with other values,are presented in the table below.

-Refer to Table 16-12.To the nearest dollar,Will's 2010 food expenditures in 2009 dollars amount to

• A) $5,236.
• B) $5,431.
• C) $5,524.
• D) $5,608.

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Definitions:

Parent Corporation

A corporation that owns all of the shares of another corporation (known as its subsidiary).

Holding Company

A type of corporation that owns enough voting stock in another company to control its management and policies.

Share Exchange

A transaction in which shares of one company are exchanged for shares of another company, often used in mergers and acquisitions.

Shares Acquisition

A process in which an individual or entity purchases a portion of the shares of a company, ostensibly gaining ownership and possibly influencing control over the company.