Which of the following statements is characteristic of horizontal analysis?
A) It can only be used with balance sheet accounts.
B) It can only be used with income statement accounts.
C) It expresses each financial statement line item as a percentage of the largest amount on the statement.
D) It expresses each financial statement line item as a percentage of an earlier year amount.
Correct Answer:
Verified
Q115: When a financial analyst determines the percentage
Q116: Selected data from the financial statements
Q117: Selected data from the financial statements
Q118: Who uses financial statements to assess whether
Q119: Who uses financial statements to assess whether
Q121: Inventory turned over 7 times during the
Q122: The operating cycle of a retail company
Q123: Which of the following ratios is useful
Q124: Which of the following would generally be
Q125: Which of the following is most characteristic
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