The Percentage Change in Any Individual Item Shown on Comparative

question 104

Multiple Choice

The percentage change in any individual item shown on comparative financial statements is calculated by dividing the dollar amount of the change from the base period to the current period by:

• A) 100
• B) the amount shown for the current period
• C) the average of the amounts shown for the base and the current periods
• D) the base-period amount

---

Definitions:

Distinct Component

a unique and identifiable part of a larger system or product, which serves a specific function and is often necessary for the overall operation or effectiveness.

Sales Call

A communication, either via telephone or face-to-face, initiated by a salesperson towards a potential or existing customer with the objective of making a sale.

Logical Sequence

An arrangement of ideas or actions in a coherent order that follows clear and rational progression.

Sales Presentation

A structured dialogue or demonstration aimed at persuading a potential customer to purchase a product or service.