What is horizontal analysis, and why is it useful in performing financial performance measurement?
Horizontal analysis is the computation of dollar amount and percentage changes in the financial statements from one year to the next. Knowing how the individual accounts have changed, the analyst can make certain inferences about the economic direction of the company.
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Which of the following statements best describes the priority of the tax treatment of a distribution from a corporation to a shareholder?
A. The distribution is a return of capital, then a dividend to the extent of the corporation's E&P, and finally gain from sale of stock. B. The distribution is a dividend to the extent of the corporation's E&P, then a return of capital, and finally gain from sale of stock. C. The distribution is a return of capital, then gain from sale of stock, and finally a dividend to the extent of the corporation's E&P. D. The shareholder can elect to treat the distribution as either a dividend to the extent of the corporation's E&P or a return of capital, followed by gain from sale of stock.
Firms that have an objective of utilizing pricing to communicate positioning use a stability pricing strategy.
Answer the following statement true (T) or false (F)
Objective probabilities that can be stated prior to the occurrence of an event are:
A) deterministic or probabilistic. B) subjective or objective. C) classical or a priori. D) relative or subjective.
How many federal district courts are there?
A) Nine B) At least one for every state C) Thirteen D) One for every electoral district (based on population)