The Table Below Shows Hypothetical Data for the Volume of Gold

question 2

Multiple Choice

The table below shows hypothetical data for the volume of gold and nickel output across several years.
TABLE 2-6
-Refer to Table 2-6.What is the percentage change in gold output from Year 1 to Year 7?

• A)17.9%
• B)84.8%
• C)15.2%
• D)-15.2%
• E)0.152%

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Definitions:

Direct Method

A method for allocating service department costs directly to producing departments without intermediate allocations among service departments.

Operating Activities

Activities that are directly related to the running of a business and the production of its goods and services, affecting the company's cash flow.

Direct Method

In financial accounting, refers to a way of allocating service department costs directly to producing departments without intermediate allocations.

Cash Basis

A bookkeeping practice in which income and outgoings are documented at the point of actual transaction, instead of when they are accrued.