Asked by moses munyai on Jun 18, 2024
Verified
In a trend income statement for 2012,where 2012 is the base year,sales are expressed as
A) 84.4%
B) 92.6%
C) 100.0%
D) 150.5%
Trend Income Statement
A financial statement that shows the changing dynamics of income over a series of periods, highlighting trends in revenue and expenses.
Base Year
A specific year or period used as a comparison point for financial analysis and indexing.
- Gauge the financial outcomes of enterprises and differentiate them by applying trend and common-size statement approaches.
Verified Answer
SS
Sabah SidaouiJun 24, 2024
Final Answer :
C
Explanation :
In a trend analysis, the base year amounts are always expressed as 100%. Since 2012 is the base year, its sales figure ($155,500) is represented as 100.0%.
Learning Objectives
- Gauge the financial outcomes of enterprises and differentiate them by applying trend and common-size statement approaches.
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