Horizontal analysis is appropriately performed
A) only on the income statement.
B) only on the balance sheet.
C) only on the statement of retained earnings.
D) on all three of these statements.

Question

Quizplus · Accepted Answer

Horizontal analysis can be performed on all three financial statements (income statement, balance sheet, and statement of retained earnings) to compare changes in financial performance over time.

Horizontal Analysis Is Appropriately Performed