Answer the following statements true (T) or false (F)
1. Horizontal analysis is computed by dividing a specific statement line item by its base amount and then multiplying by 100.
2. Horizontal analysis compares each item in the income statement to the net sales amount.
3. The horizontal analysis of the balance sheet shows the changes in net sales and net income.
4. The horizontal analysis of the balance sheet is based on the comparative balance sheet.
5. Trend analysis is a form of horizontal analysis.
1. FALSE
2. FALSE
3. FALSE
4. TRUE
5. TRUE
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In a consolidated balance sheet, the minority interest is reported
a. as part of long-term liabilities. b. between liabilities and stockholders' equity c. as part of stockholders' equity. d. as part of long-term assets.
Calculate Cost of Goods Sold for the following two companies: ?LEWIS INC.MERCER CO.Merchandise$250,000?Finished Goods?$550,000Cost of Goods Purchased460,000?Cost of Goods Manufactured?688,000Ending Inventory:??Merchandise128,000?Finished Goods?350,000
What will be an ideal response?
The decisions rendered by the U.S. Supreme court have no option for further appeals
Indicate whether the statement is true or false
The bargaining zone is the range of outcomes between the entrepreneur's reservation price and the reservation price of the other party.
Answer the following statement true (T) or false (F)