The Following Is Summary of Information Presented on the Financial

question 34

Multiple Choice

The following is summary of information presented on the financial statements of a company on December 31,2017.

With respect to net income,a horizontal analysis reveals ________.(Round your answer to two decimal places. )

• A)that net income is 134.62% of net sales revenue
• B)a $26,000 increase in net income
• C)a 134.62% decrease in net income
• D)a 134.62% increase in net income

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Definitions:

Conservation of Number

A cognitive ability in children to understand that the quantity of something remains the same despite changes in its form or arrangement.

Discontinuous

Characterized by interruptions or gaps, not following a smooth, uninterrupted progression.

Theory of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions, knowledge—to oneself and others, and to understand that others have beliefs, desires, and intentions that are different from one's own.

Social Cognition Module

A presumed specialized brain mechanism or cognitive system that facilitates understanding, predicting, and processing social information.