When a Negative Amount Is in the Base Period and a Positive

question 13

True/False

When a negative amount is in the base period and a positive amount is in the analysis period (or vice versa), a meaningful percent change cannot be calculated.

---

Definitions:

Report as to Affairs

A document that provides a financial snapshot of a company's assets and liabilities, typically used in insolvency proceedings.

Secured Creditors

Creditors who have a legal right or interest, typically through a lien, in the debtor's assets to secure repayment of their credit.

Charge

An expense or cost applied to a person or entity, often relating to financial transactions.

Receivers

Individuals or entities appointed to manage the affairs of a financially distressed company.