The percentage change in any individual item shown on comparative financial statements is calculated by dividing the dollar amount of the change from the base period to the current period by:
A)the base-period amount.
B)the amount shown for the current period.
C)the average of the amounts shown for the base and the current periods.
D)none of the above.

Question

Quizplus · Accepted Answer

The percentage change in any individual item is calculated by dividing the dollar amount of the change from the base period to the current period by the base-period amount. This will give us the percentage increase or decrease in the item from the base period to the current period.

The Percentage Change in Any Individual Item Shown on Comparative