Comparison standards for financial statement analysis include:
A) Intracompany.
B) Competition.
C) Industry.
D) Guidelines.
E) All of these answers are correct.

Question

Quizplus · Accepted Answer

All of these options (intracompany, competition, industry, and guidelines) are valid comparison standards for financial statement analysis. They allow a company to compare its financial performance to its own past performance, to similar companies in the same industry or sector, and to established benchmarks or standards. Therefore, all of the answers are correct.

Comparison Standards for Financial Statement Analysis Include