Selected Comparative Income Statement Amounts for a Company Are Shown

question 11

Multiple Choice

Selected comparative income statement amounts for a company are shown below. Using 2009 as the base year for a horizontal analysis, compute the account with the most significant change.
$$\begin{array} { | l | r | r | } \hline & { 2009 } &{ 2010 } \\\hline \text { Sales } & \$ 400,000 & \$ 520,000 \\\hline \text { General and } & & \\\text { Administrative Expenses } & \$ 27,000 & \$ 29,700 \\\hline \text { Interest Expense } & \$ 1,000 & \$ 1,700 \\\hline \text { Miscellaneous Expense } & \$ 100 & \$ 200 \\\hline\end{array}$$

• A) Sales
• B) General and Administrative Expenses
• C) Interest Expense
• D) Miscellaneous Expense
• E) Cannot be determined from the given data

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Definitions:

Traditional Culture

A set of practices, beliefs, and objects passed down within a community, which form the basis of its heritage and identity.

Assimilation

The process through which individuals or groups adopt the culture, customs, and norms of a dominant or host society, losing their original identity.

Bicultural

Identifying with or assimilating the cultural traits and values of two distinct cultures, and often navigating between them.

Marginalise

To relegate to an unimportant or powerless position within a society or group.