To Change a Proportion into a Percent

question 71

Multiple Choice

To change a proportion into a percent:

• A)divide by 10
• B)multiply by 100
• C)take the square root of the value
• D)multiply by 10

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Definitions:

Journal Entry

A record in accounting that notes the debit and credit transactions affecting the financial statements.

Interim Financial Report

A financial statement reported for a period shorter than the fiscal year, typically quarterly, providing an update on a company's financial performance and position.

Required Disclosure

Information that companies are legally obliged to provide to stakeholders, such as financial statements and material facts, to ensure transparency.

Revenues Recognized

The process by which revenue is recorded in the financial statements once it is earned and realizable.