Find the Ending Value for the Given Percent Change

question 49

Multiple Choice

Find the ending value for the given percent change. A $120 stock gains 20% of its value.

• A) $ 144
• B) $ 140
• C) $ 154
• D) $ 24
• E) $ 124

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Definitions:

Statement of Net Position

The Statement of Net Position is a financial report that details the assets, liabilities, and net worth (equity) of an entity at a specific point in time, akin to a balance sheet in the private sector.

Noncurrent Liabilities

Long-term financial obligations a company owes that are not due for repayment within the next 12 months, such as long-term loans and bond issues.

Capital Assets

Long-term assets acquired or owned by a company or individual, anticipated to be used for more than one year, and intended for the operation or investment purposes.

Government-Owned Landfill

A waste disposal facility owned and operated by a governmental entity for the management of trash and recyclables.