If Year One Equals $800, Year Two Equals $840, and Year

question 5

Multiple Choice

If year one equals $800, year two equals $840, and year three equals $896, the percentage to be assigned for year three in a trend analysis, assuming that year 1 is the base year, is:

• A) 112%.
• B) 89%.
• C) 105%.
• D) 100%.

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Definitions:

Trial Balance

A bookkeeping report that lists the balances of all ledgers in two columns, debits and credits, which should equal to ensure accuracy in accounts.

Trial Balance

A report listing all accounts and their balances at a particular date, used to ensure the total debits equal total credits in the accounting system.