If Current Assets Were $100,000 in 2013 and $88,000 in 2014,what

question 61

Multiple Choice

If current assets were $100,000 in 2013 and $88,000 in 2014,what was the amount of increase or decrease in percentage terms from 2013 to 2014? (Round to the nearest percent. )

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

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Definitions:

Fair Value

An estimate of the market value of an asset or liability, based on current conditions and willing parties' transactions.

Debt Investments

Investments made by purchasing debt instruments, such as bonds, where the investor becomes a creditor to the issuer.

Journal Entries

Recorded transactions in the accounting journal that show the financial activities of a company.

Marketable

Describes assets or securities that can easily be sold or converted into cash without a significant loss in value.