Question

The balance sheet of the Secret Maple Resort shows the value of the current assets (in thousands $) at

$4,712 (2016);

$3,127 (2015)

$2,273 (2014).

According to the dollar change method of calculation, the current assets for 2016 have

Answer 1

The dollar change method of calculation determines the increase or decrease in an account balance by subtracting the previous year's balance from the current year's balance. In this case, the current assets for 2016 have increased by $1,585 compared to 2015.

Step-by-step explanation:

The dollar change method of calculation determines the increase or decrease in an account balance by subtracting the previous year's balance from the current year's balance. In this case, the current assets for 2016 can be calculated by subtracting the 2015 balance from the 2016 balance: $4,712 - $3,127 = $1,585. Therefore, the current assets for 2016 have increased by $1,585 compared to 2015.