Harold, a financial accountant in a company, is asked to identify the changes in the company's account values between 2014 and 2016. To get the required information, he uses comparative financial statements, which state the figures for the two years side by side. These comparative financial statements make it easier for Harold to identify the changes that may have taken place during that period. In this scenario, Harold is most likely using _____ to get the required information.
A. activity-based costing
B. horizontal analysis
C. liquidity index
D. static analysis
Answer: B
You might also like to view...
The higher in the organization a message goes the more formal and detailed the message should become
Indicate whether the statement is true or false.
Two criteria, addressing questions of larger significance and making the results known to other researchers and practitioners, formed the core of the action research process. One initial project that met this criteria was at ______.
a. Survey Research Center b. Connecticut Interracial Commission c. Massachusetts Institute of Technology (MIT) d. Detroit Edison
On March 12, Klein Company sold merchandise in the amount of $7,800 to Babson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,500. Klein uses the perpetual inventory system and the net method of accounting for sales. On March 15, Babson returns some of the merchandise, which is not defective. The selling price of the returned merchandise is $600 and the cost of the merchandise returned is $350. The entry(ies) that Klein must make on March 15 is (are):
A.
| Accounts receivable | 600 | |
| Sales returns and allowances | 600 | |
| Cost of Goods Sold | 350 | |
| Merchandise inventory | 350 |
B.
| Sales returns and allowances | 588 | |
| Accounts receivable | 588 | |
| Merchandise inventory | 350 | |
| Cost of goods sold | 350 |
C.
| Sales returns and allowances | 588 | |
| Accounts receivable | 588 | |
| Merchandise inventory | 343 | |
| Cost of goods sold | 343 |
D.
| Sales returns and allowances | 350 | |
| Accounts receivable | 350 |
E.
| Accounts receivable | 600 | |
| Sales returns and allowances | 600 |
Which of the following indicates the top-level domain for the universal resource locator (URL)http://www.csub.edu?
A) http: B) www. C) .csub D) .edu