The percentage change in financial statement balances is computed by dividing the dollar amount change from the base earlier)period to the later period amount.

Question

Quizplus · Accepted Answer

The percentage change is calculated by taking the difference between the later period amount and the base period amount, then dividing by the base period amount, and multiplying by 100 to convert it to a percentage.

The Percentage Change in Financial Statement Balances Is Computed by Dividing