Which of the following statements is true regarding vertical analysis?
a. Common-size financial statements can be used to compare businesses of different sizes.
b. Vertical analysis can only be used with balance sheet accounts.
c. Vertical analysis can only be used with income statement accounts.
d. Vertical analysis can only be used with retained earnings accounts.
a
You might also like to view...
A retail firm can be correctly placed in only one institutional classification
Indicate whether the statement is true or false
Shareholders do not have to attend a shareholders' meeting to vote.
Answer the following statement true (T) or false (F)
The specialized part of corporate public relations designed to build and maintain community and governmental relations is:
A. Public relations D. Public affairs B. Publicity E. Propaganda C. Press agentry
Sam wants to sell his golden retriever to Al. Sam tells Al that the dog is three years old and that he will point, back, and retrieve. Al relies on these statements and purchases the bird dog. Although the dog is three years old and will point at birds, he will not back (honor another dog's point). The buyer has most probably been a victim of:
a. duress. b. undue influence. c. fraud in the inducement. d. fraud in the execution.