Max's Tire Center Company

question 28

Multiple Choice

Max's Tire Center Company
Selected data from the financial statements of Max's Tire Center are provided below.

-Refer to the selected data provided for Max's Tire Center. Which of the following would result from a horizontal analysis of Max's income statement?

• A) Depreciation expense increased by $3,000 or 6.67% during 2012.
• B) Depreciation expense increased by $3,000 or 7.14% during 2012.
• C) Net sales is $370,000 in 2012.
• D) The total assets is $500,000 in 2012.

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Definitions:

Change Over Time

The concept of transformation or variation in conditions, characteristics, or perceptions across different periods.

Phlegmatic

Describes a personality type characterized by calm, unemotional, and relaxed traits.

Choleric

One of the four temperament types, characterized by a quick, intense, and easily provoked nature.

Melancholic

Describes a type of depression characterized by a profound feeling of sadness or despair that is deeper than typical sadness.