31) The dollar change for a comparative financial statement item is calculated by 31) A) Subtracting the analysis period amount from the base period amount. B) Subtracting the base period amount from the analysis period amount. C) Subtracting the base period amount from the analys is amount, then dividing the result by the base amount. result by the base period amount, then multiplying that amount by 100. result by the base period amount, then multiplying that amount by 100 D) Subtracting the base period amount from the analysis period amount, dividing the E) Subtracting the analysis period amount from the base period amount, dividing the 32) A company's sales in Year 1 were $250,000 and in Year 2 were $287,500. Using Year 1 32) as the base year, the percent change for Year 2 compared to the base year is: E) 100%. A) 15%. D) 13%. B) 87%. C) 115%. 33) 33) In horizontal analysis the percent change is computed by: A) Subtracting the base period amount from the analysis period amount, dividing the result by the base period amount, then multiplying that amount by 100. B) Subtracting the base period amount from the analysis amount, then dividing the result by the analysis period amount. C) Subtracting the base period amount from the analysis period amount. D) Subtracting the analysis period amount from the base period amount. E) Subtracting the analysis period amount from the base period amount, dividing the result by the base period amount, then multiplying that amount by 100 34) Comparative financial statements in which each individual financial statement amount 34) is expressed as a percentage of a base amount are called: A) Percentage comparative statements. B) Asset comparative statements C) General-purpose financial statements. D) Sales comparative statements. E) Common-size comparative statements. 35) 35) Common-size statements: A) Reveal changes in the relative importance of each financial statement item to a base amount. B) Reveal patterns in data across successive periods. C) Show the dollar amount of change for financial statement items. D) Compare financial statements over time. E) Do not emphasize the relative importance of each item