When it has a small population
A useful way of standardizing financial statements is to choose a base year and then express each item relative to that amount.
Below, this is further discussed.
<h3>Financial statements: What are they?</h3>
Financial statements, in general, are official records of the financial activity and condition of a company, an individual, or another organization. Structured and simple-to-comprehend presentations of pertinent financial data are made.
In summary, Selecting a base year and then expressing each item according to that sum is a helpful method for standardizing financial reporting.
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Answer:
true
Explanation:
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It should be noted that the trade scenario that is most beneficial for a country is appreciation of the country's currency, decrease in Its Imports, and increase of its exports.
<h3>What is a trade?</h3>
Trade can be regarded as the means of exchange by an organization or country.
When the currency of a a country appreciate, the money will have value, export also boast the currency.
Therefore, option D is correct.
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