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A Company's Comparative Balance Sheets Show Total Assets for 2018

Question 112

Multiple Choice

A company's comparative balance sheets show total assets for 2018 and 2017 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%

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