Horizontal analysis is analysis
A) of dollar changes and percentage changes over several years.
B) in which all items are presented as a percentage of one selected item on a financial statement.
C) in which a statistic is calculated for the relationship between two items on a single financial statement or for two items on different financial statements.
D) of all ratios that increased or decreased over past accounting periods.
A
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Supplementary disclosures required by GAAP that help explain detail behind the accounting treatment of certain items in the financial statements is most likely found in which of the following sections of a corporate annual report?
a. Report of the Independent Accountants b. Notes to the Financial Statements c. Management's Discussion and Analysis d. Balance Sheet
Match the following definitions and terms.
A. Compound journal entry B. Unearned revenues C. T-account D. Chart of accounts E. Posting reference column F. General journal G. Trial Balance H. Posting I. Note receivable J. Account
What defines an extension of stratification?
a. Matosas matrix b. A pivot table c. Summarization d. Soundex
TrustUs Insurance's tagline is "You're in safe hands with TrustUs," and Serenity Life Insurance uses a rock as its trade symbol because it wants to convey stability. What type of promotion strategy are these companies using?
a. Engaging in postpurchase communication b. Creating a strong organizational image c. Using personal information sources d. Adopting standardization