If Current Assets Were $100,000 in 2009 and $88,000 in 2010

question 57

Multiple Choice

If current assets were $100,000 in 2009 and $88,000 in 2010, what was the amount of increase or decrease in percentage terms from 2009 to 2010? (Round to the nearest percent.)

• A) Increase of 14%
• B) Decrease of 14%
• C) Increase of 12%
• D) Decrease of 12%
• E) Decrease if 25%

---

Definitions:

Restrictive Covenant

In property law, a condition imposed by the seller as to what the purchaser can use the land for; in employment law, a commitment not to work in a certain geographical area for a designated period of time.

Easement

The right of a person other than the owner to use a portion of private property.

Prescription

A health care professional's formal instruction authorizing a patient to be provided a medicine or treatment.

Strata Regulations

Laws or rules governing strata properties, which are typically multi-unit housing complexes with individual ownership of units and shared ownership of common areas.