The Following Is Summary of Information Presented on the Financial

question 89

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 net income?

• A)both net income before income tax expense and net income are 45.45% of net sales revenue
• B)a $25,000 increase in net income
• C)a 45.45% increase in net income
• D)a 103% increase in net income

---

Definitions:

Individualism

A principle valuing the freedom and independence of the individual, often in contrast to collective or state control.

Cultural Competency

Proficiency in grasping, communicating, and successfully relating to people from various cultures.

Time and Schedules

The organization and planning of activities or tasks within designated periods to ensure efficient use of time and adherence to deadlines.

Punctuality

The quality or habit of being on time to appointments, meetings, or events, reflecting reliability and respect for others' time.