,CHAPTER 15(14) – FINANCIAL STATEMENT ANALYSIS
1. Comparable financial statements are designed to compare the financial statements of two or more corporations.
a. True
b. False
4. The analysis of increases and decreases in the amount and percentage of comparative financial statement items is
referred to as horizontal analysis.
a. True
b. False
6. A financial statement showing each item on the statement as a percentage of one key item on the statement is
called a common-sized financial statement.
a. True
b. False
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