The Percentage Change in Any Individual Item Shown on Comparative

question 92

Multiple Choice

The percentage change in any individual item shown on comparative financial statements is calculated by dividing the dollar amount of the change from the base period to the current period by:

• A)the base-period amount.
• B)the amount shown for the current period.
• C)the average of the amounts shown for the base and the current periods.
• D)none of the above.

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Definitions:

Mineral Water

Water that contains minerals or other dissolved substances that alter its taste or give it therapeutic value, usually obtained from wells or springs.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers.

Marginal Cost

The added cost of producing one additional unit of a product or service.

Mineral Water

A type of water that contains various minerals and is often bottled and sold for consumption.