In horizontal analysis, each item is expressed as a percentage of the: (a) net income amount. LO15

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

(a) net income amount. LO15

(b) stockholders’ equity amount.

(c) total assets amount.

(d) base-year amount.

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Financial Accounting

ISBN: 9781118953907

8th Edition

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

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