________ Data Consists of Numbers That Can Be Used in Arithmetic

question 12

Multiple Choice

________ data consists of numbers that can be used in arithmetic operations.

• A) Text
• B) Digital
• C) Numeric
• D) Binary

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Definitions:

Comparative Reports

Financial reports that show side-by-side comparisons of financial data for different periods, helping to identify trends or changes over time.

Vertical Analysis

A financial analysis method that expresses each item in a financial statement as a percentage of a base amount for comparison purposes.

Total Assets

The sum of all assets owned by a company, including cash, inventory, property, and equipment.

Comparative Income Statements

Financial reports that provide a side-by-side comparison of a company's income, expenses, and net earnings over different periods, facilitating trend analysis and performance evaluation.