Which of the following are an evaluation of financial information by studying plausible relationships among both financial and non-financial data?
A)Analytical procedures
B)Closing procedures
C)Trend analyses
D)Common-size analyses

Question

Quizplus · Accepted Answer

Analytical procedures involve evaluating financial information by studying plausible relationships among both financial and non-financial data. Closing procedures involve the process of closing out financial statements at the end of an accounting period. Trend analyses involve examining the change in financial data over time. Common-size analyses involve examining the relative size of different financial items in relation to a common base.

Which of the Following Are an Evaluation of Financial Information