When a horizontal analysis is performed and a zero or negative amount is reported in the base year, then
A) no percentage change can be computed.
B) the percent change will be negative.
C) the accountant has made a mistake.
D) the percentage change will be 100% or greater.
Correct Answer:
Verified
Q46: An inexperienced accountant for CJS Transport Corporation
Q47: Alternative accounting methods affect the quality of
Q48: Using vertical analysis of the income statement,
Q49: Liquidity ratios measure the ability of the
Q50: Which of the following is not reported
Q52: In horizontal analysis, each item is expressed
Q53: Salamagundi, Inc.has the following Income Statement (in
Q54: Stockholders are most interested in evaluating
A)liquidity.
B)solvency.
C)profitability.
D)marketability.
Q55: Savory Thymes, Inc.had net credit sales of
Q56: A supplier to a company would be
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents