In 2018, U

question 24

Multiple Choice

In 2018, U.S. exports of services ______ U.S. imports of services by about _____.

• A) exceeded; $20 B
• B) fell short of; $20 B
• C) exceeded; $270 B
• D) fell short of; $220 B

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Definitions:

Trend Percentages

A financial analysis tool that compares various financial statement items over a series of periods to detect patterns and trends, often expressed as a percentage of a base year.

Income Statement Amounts

The monetary values of revenue, expenses, gains, and losses reported in the income statement.

Common-Size Percentages

Financial analysis tool that converts each line item of financial statements into a percentage of a common base figure to allow for easy comparison.

Balance Sheets

Financial statements that show a company's financial position, detailing assets, liabilities, and equity at a specific point in time.