In horizontal analysis, each item is expressed as a percentage of the
A) retained earnings figure.
B) total assets figure.
C) net income figure.
D) base year figure.
D
You might also like to view...
The market rate of interest for a bond issue that sells for more than its par value is
a. less than the rate stated on the bond. b. equal to the rate stated on the bond. c. higher than the rate stated on the bond. d. independent of the rate stated on the bond.
Reference initials in a letter or memo
a. consist only of the initials of the person who authored the document. b. are necessary on every business document. c. may reflect the initials of all people involved in the creation of a document. d. always appear as the very last item in the document.
What _____ the names of the companies that contributed to last year's United Way campaign?
A) are B) were C) was
Which of the following are NOT included in a post-closing trial balance?
A) Assets and liabilities B) Retained Earnings and assets C) Common Stock and liabilities D) Revenues and expenses