To Find the Percent of Increase or Decrease of an Item

question 34

True/False

To find the percent of increase or decrease of an item in a comparative balance sheet you use the formula: % change = amount of change/base (old year).

---

Definitions:

Recall

The mental process of retrieving information or memories from the past.

Short-Term Memory

A temporary storage system for information in the brain, holding data for brief periods before it's either forgotten or transferred to long-term memory.

Long-Term Memory

The aspect of memory responsible for storing information over extended periods, from days to decades, including facts, experiences, and skills.

Retention

The act of keeping or holding something, such as the ability to remember information or maintain possession of employees within an organization.