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:

Crying

The shedding of tears in response to an emotional state, physical irritation, or a reflex action.

Chromosomes

Structures within cells that contain DNA and genetic information critical for the development, function, and reproduction of organisms.

Genitals

The external and internal organs of reproduction, responsible for sexual function and reproduction in humans and animals.

Big Five Traits

A model that outlines five broad dimensions of personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism, used to describe human personality.