Which of the following is not true regarding horizontal analysis of income statements?
a. The analysis will express income and expense items as a percentage of total assets.
b. The analysis will show changes in the amount of income and expense items from one period to the next.
c. The earlier statement is used as the base for computing the amount and percent of change.
d. The analysis may show both favorable and unfavorable trends.
a
You might also like to view...
Which of the following is not part of other comprehensive income?
A) unrealized changes in the value of trading securities B) certain pension plan gains, losses, and prior service cost adjustments C) certain gains and losses in derivatives D) currency translation adjustments
Briefly discuss problem definition and why it is the most important task in the marketing research project
What will be an ideal response?
If a competitor reverse-engineers a trade secret, then the competitor is ________.
A. allowed co-ownership of the trade secret and its original trademark B. allowed to use the trade secret but not its original trademark C. not allowed to gain commercially from the trade secret D. obliged to inform the original owner of the trade secret
The Foreign Sovereign Immunities Act broadly defines com¬mercial activity
Indicate whether the statement is true or false