Common-Size Statements

question 72

Multiple Choice

Common-size statements:

• A)Reveal changes in the relative magnitude of each financial statement item.
• B)Do not emphasize the relative magnitude of each item.
• C)Compare financial statements over time.
• D)Show the dollar amount of change for financial statement items.
• E)Consist of two or more balance sheets arranged side-by-side.

---

Definitions:

Brain Injury

Physical damage to the brain, which can result in temporary or permanent impairment of cognitive, physical, and psychosocial functions.

CHC Model

Stands for the Cattell-Horn-Carroll theory, a psychological theory that attempts to describe human cognitive abilities and their variations as a set of factors.

Fluid Reasoning

The capacity to think logically and solve problems in novel situations, independent of acquired knowledge.

Processing Speed

The rate at which an individual can perform simple or complex cognitive tasks.