Comparisons of data within a company are an example of the following comparative basis: (a) Industry averages.

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Comparisons of data within a company are an example of the following comparative basis:

(a) Industry averages.

(b) Intracompany.

(c) Intercompany.

(d) Both

(b) and (c).

In horizontal analysis, each item is expressed as a percentage of the:

(a) net income amount.

(b) stockholders’ equity amount.

(c) total assets amount.

(d) base year amount.

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Financial Accounting

ISBN: 9780470929384

8th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, J. Mather

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