The percentage change in financial statement balances is computed by dividing the dollar amount of the most recent period by the base period dollar amount.

Question

Quizplus · Accepted Answer

The percentage change is typically computed by subtracting the base period dollar amount from the most recent period dollar amount, dividing that result by the base period dollar amount, and then multiplying by 100 to convert the result to a percentage.

The Percentage Change in Financial Statement Balances Is Computed by Dividing