(I Pie Charts Are Useful for Showing the Percent That

question 62

Multiple Choice

(i. Pie charts are useful for showing the percent that various components compose of the total. (ii) Simple bar charts may be constructed either horizontally or vertically.
(iii) A Frequency Polygon is ideal for showing the trend or sales of income over time.

• A) (i), (ii) and (iii) are all correct statements.
• B) (i) and, (ii) are correct statements but not (iii).
• C) (i) and, (iii) are correct statements but not (ii).
• D) (ii) and, (iii) are correct statements but not (i).
• E) (i), (ii) and (iii) are all false statements.

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Definitions:

Acquisition Differential

The difference between the cost of acquiring an entity and the sum of the fair value of identifiable net assets acquired.

Impairment Losses

Financial losses recorded when the carrying amount of an asset exceeds its recoverable amount, indicating that the asset is worth less than its book value.

Amortize

The process of gradually writing off the initial cost of an asset over a period, typically the asset's useful life.

Impairment Losses

Financial losses recognized when the carrying amount of an asset exceeds its recoverable amount.