The Dollar Change for a Financial Statement Item Is Calculated

question 34

Multiple Choice

The dollar change for a financial statement item is calculated by:

• A) Subtracting the analysis period amount from the base period amount.
• B) Subtracting the base period amount from the analysis period amount.
• C) Subtracting the analysis period amount from the base period amount, dividing the result by the base period amount, then multiplying that amount by 100.
• D) Subtracting the base period amount from the analysis period amount, dividing the result by the base period amount, then multiplying that amount by 100.
• E) Subtracting the base period amount from the analysis amount, then dividing the result by the base amount.

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Definitions:

Supremacy Clause

A provision in the U.S. Constitution stating that federal law takes precedence over state law.

Commerce Clause

A provision in the U.S. Constitution that grants Congress the power to regulate trade between states, with foreign nations, and with Native American tribes.

Concurrent Power

Powers in nations with a federal system of government that are shared by both the federal government and each constituent political unit.

Declare War

The formal action by which a state announces military conflict against another state or group.