Answer: <em><u>C. the base period amount.</u></em>
<u><em>Explanation: </em></u>While implementing a horizontal analysis on a given income statement, we compute a percentage change in any individual item by dividing the dollar amount of change from base to current time period with <u><em>the base period amount.</em></u>
i.e. % Change in Individual item = 
<u><em>Therefore, the correct option in this case is (c)</em></u>
Answer:

Step-by-step explanation:
<u><em>Step 1:</em></u>

<u><em>Step 2:</em></u>

<u><em>Step 3:</em></u>

<u><em>Step 4:</em></u>
Adding
to both sides to complete the square

<u><em>Step 5:</em></u>

<u><em>Step 6:</em></u>
Taking square root on both sides

Answer:

Step-by-step explanation:
Rule of exponents:

