Vertical analysis need not be done only on comparative reports since calculations were within each period of time.
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Q6: The computer is the only tool needed
Q7: Cash is recorded on the income statement.
Q8: Horizontal analysis can analyze balance sheets for
Q9: Vertical analysis cannot be done on a
Q10: A balance sheet shows the financial condition
Q12: Land does not depreciate.
Q13: Retained earnings are the same as cash.
Q14: Assets represent things of value owed by
Q15: Cash is a liability.
Q16: The income statement shows the financial condition
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