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) 100
B) the amount shown for the current period
C) the average of the amounts shown for the base and the current periods
D) the base-period amount

Question

Quizplus · Accepted Answer

The percentage change is calculated by dividing the dollar amount of the change by the base-period amount to determine how much the item has increased or decreased relative to its original value.

The Percentage Change in Any Individual Item Shown on Comparative