The Formula for the Percentage Change in a Financial Statement

question 16

Multiple Choice

The formula for the percentage change in a financial statement line item is the current year amount:

• A)divided by the base year amount.
• B)minus the base year amount divided by the base year amount.
• C)minus the base year amount divided by current year amount.
• D)added to the base year amount divided by the base year amount.

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Definitions:

Armpit

The area beneath the junction of the arm and the body, known for its concentration of sweat glands.

Clonal Selection Theory

A theory in immunology that explains how the immune system responds to specific antigens by activating the clone of cells that can recognize and attack the invader.

Antigen

Foreign substance, usually a protein or a polysaccharide, that stimulates the immune system to react, such as to produce antibodies.