Which of the following is a characteristic of horizontal analysis?
A) Financial statement lines are expressed as a percentage of the base (earliest) year.
B) All items are presented as a percentage of one selected item on the financial statement.
C) A statistic is calculated for the relationship between two items on a single financial statement or for two items on different financial statements.
D) Ratio increases and decreases are presented for the past two accounting periods.
Correct Answer:
Verified
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-decomposes
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