An Indication That the End-Of-Period Spreadsheet Columns Are in Balance

question 8

Multiple Choice

An indication that the end-of-period spreadsheet columns are in balance and the spreadsheet is complete is

• A) the word "Total" written at the bottom of each pair of columns
• B) the double rule under each pair of columns
• C) the circles around each total
• D) the final figures written in ink

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Definitions:

Common Size Statements

Financial statements that present all items in percentage terms; percentage of total assets for balance sheets and percentage of sales for income statements.

Common-base Year Financial Statement

A financial analysis technique where all values are presented relative to a specified base year, facilitating comparison over time.

Base Amount

The initial sum of money used as a reference or starting point for calculations, often related to financial calculations or transactions.

Sources of Cash

Various origins from which a business or individual can obtain funds, including operations, financing, and investing activities.