The Following Is Summary of Information Presented on the Financial

question 99

Multiple Choice

The following is summary of information presented on the financial statements of a company on December 31, 2015. What would a horizontal analysis report show with respect to long-term liabilities?

• A)long-term liabilities decreased by $30,000
• B)long-term liabilities decreased by 40%
• C)long-term liabilities decreased by 13.33%
• D)long-term liabilities decreased by $10,000

---

Definitions:

Auditory Cortex

The part of the brain that processes auditory information, located in the temporal lobe.

Temporal Lobe

A region of the cerebral cortex responsible for processing auditory information and is involved in memory and emotion.

Place Theory

A theory in hearing that suggests different areas of the cochlea are activated by different frequencies of sound, aiding in pitch perception.

High-Pitched Sounds

Sounds that have a high frequency, typically perceived as sharp or squeaky by the human ear.