In a Comparative Balance Sheet,the Ending Cash for 2012 Was

question 22

Multiple Choice

In a comparative balance sheet,the ending Cash for 2012 was $315,000 and is $270,000 for 2013.The net increase or decrease from 2012 to 2013 is:

• A)86.0%.
• B)14.3%.
• C)26.4%.
• D)16.7%.

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Definitions:

Economic Systems

The organized way a society allocates its resources and distributes goods and services among its population.

Recession

A short-term economic slump characterized by a reduction in business and industrial activities, usually signified by a GDP decrease over two back-to-back quarters.

Real GDP

Gross Domestic Product adjusted for inflation, providing a more accurate representation of an economy's size and how it's growing over time.

Business Quarters

Divisions of a fiscal year into four three-month periods, used by companies to report financial results and forecast future performance.