The Following Is a Summary of Information Presented on the Financial

question 48

Multiple Choice

The following is a summary of information presented on the financial statements of a company on 31 December 2017. $\begin{array}{|l|l|l|}\hline\text { Account } &{2017} & 2016 \\\hline \text { Current assets } & \$ 82,000 & \$ 70,000 \\\hline \text { Accounts receivable } & 63,000 & 71,000 \\\hline \text { Inventory } & 62,000 & 55,000 \\\hline \text { Current liabilities } & 56,000 & 47,000 \\\hline \text { Non-current liabilities } & 42,000 & 55,000 \\\hline \text { Share capital } & 75,000 & 54,000 \\\hline \text { Retained earnings } & 66,000 & 44,000\\\hline\end{array}$ What would a horizontal analysis report show with respect to Non-current liabilities?

• A)Non-current liabilities decreased by $21,000
• B)Non-current liabilities decreased by 38.89%
• C)Non-current liabilities decreased by $9000
• D)Non-current liabilities decreased by 23.64%

Learn about the potential impact of management capabilities and business success on securing financing.

Grasp the significance of strategic business planning and execution in attracting investment and securing loans.

Understand the existence and purpose of government lending programs for stimulating small businesses.

Recognize the factors contributing to the success of obtaining funding for a new venture.

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Definitions:

Abusive

Involves behavior that is aggressively harmful or injurious towards others, often resulting in physical, emotional, or psychological damage.

Child Maltreatment

Refers to any act by a caregiver that results in harm or a risk of harm to a child, including physical, emotional, or sexual abuse, as well as neglect.

Delinquent Parenting

A style of parenting characterized by a lack of discipline and neglect, which can lead to behavioral issues in children.

Birth-order Effects

Psychological and behavioral differences observed between individuals of different birth positions in a family.