The McCumber Corporation Data for the Current Year: with Respect

question 73

Multiple Choice

The McCumber Corporation data for the current year: With respect to long-term liabilities, what would a horizontal analysis report?

• A)Long-term liabilities decreased by 6.15%.
• B)Long-term liabilities increased by $8,000.
• C)Long-term liabilities increased by 6.15%.
• D)Long-term liabilities decreased by $1,800.

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Definitions:

Opportunity Costs

The decline of potential rewards from different options as a result of choosing one.

Labor Skills

The abilities and expertise that workers possess, which can affect their productivity, efficiency, and the quality of work produced.

Capital

Financial assets or resources that individuals or businesses use to invest, produce, and create economic value.