A Company's Comparative Balance Sheets Show Total Assets for 2018

question 112

Multiple Choice

A company's comparative balance sheets show total assets for 2018 and 2017 as $990,000 and $900,000,respectively.What is the percentage change to be reported in the horizontal analysis?

• A)Increase of 10%
• B)Decrease of 10%
• C)Increase of 9%
• D)Decrease of 9%

---

Definitions:

Sensory Nerve Endings

Specialized structures responsible for converting external stimuli like touch, temperature, and pain into neural signals that the brain can interpret.

Sensory Receptors

Sensory nerve endings that respond to stimuli.

Transduction

Conversion of one form of energy into another. In sensation, the transforming of stimulus energies, such as sights, sounds, and smells, into neural impulses our brain can interpret.

Perceptual Sets

A psychological mechanism that influences how we perceive the world based on expectations, previous experiences, and context.