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  3. Study Set
    Fundamental Accounting Principles Study Set 1
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    Exam 17: Analysis of Financial Statements
  5. Question
    The Percent Change of a Comparative Financial Statement Item Is
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The Percent Change of a Comparative Financial Statement Item Is

Question 146

Question 146

True/False

The percent change of a comparative financial statement item is computed by subtracting the base period amount from the analysis period amount, dividing the result by the base period amount and multiplying that result by 100.

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