If Current Assets Were $100,000 in 20x7 and $88,000 in 20x8,what

question 31

Multiple Choice

If current assets were $100,000 in 20x7 and $88,000 in 20x8,what was the amount of increase or decrease? (round to nearest percent) :

• A)The percentage increase is 13.64%.
• B)The percentage decrease is 12%.
• C)The percentage decrease is 13.64%.
• D)The percentage increase is 12%.

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Definitions:

Virtual Currencies

Digital or online currencies that use cryptography for security and operate independently of a central bank.

Point-of-sale Terminals

Electronic systems used at retail locations to process card payments and manage sales transactions.

Preauthorized Payments

Financial transactions that are set up in advance to regularly move funds from one account to another, commonly used for recurring bills and subscriptions.

Magnetic Ink Character Recognition

A technology used to verify the legitimacy and facilitate the processing of checks and other documents, employing magnetic ink.