A Company's Comparative Balance Sheets Show Total Assets for 2012

question 28

Multiple Choice

A company's comparative balance sheets show total assets for 2012 and 2011 as $990,000 and $900,000,respectively.What is the percentage change to be reported in the horizontal analysis?

• A)Increase of 10%
• B)Decrease of 10%
• C)Increase of 9%
• D)Decrease of 9%

---

Definitions:

Environmental Breaches

Instances where activities or actions violate environmental laws, regulations, or standards, potentially causing harm to the environment.

Global Reporting Initiative

An international organization that helps businesses and governments understand and communicate their impact on issues such as climate change, human rights, and corruption.

Environmental Laws

Statutes and regulations aimed at protecting the environment from harm caused by human activities, covering areas such as air and water pollution, waste management, and conservation.

Organisational Transparency

The extent to which an organization openly shares its operations, decisions, and business practices to its stakeholders.