Horizontal analysis
A)is also called trend analysis.
B)can be carried out on statement of financial position data but not on statement of income data.
C)is a technique for evaluating a financial statement item in the current year with other items in the current year.
D)uses the base year as the most current year being examined.

Question

Quizplus · Accepted Answer

Horizontal analysis, also known as trend analysis, involves comparing financial data over a series of reporting periods to identify any trends.

Horizontal Analysis