Indicate whether each of the following items is (a) an objective or (b) a standard of com-

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Indicate whether each of the following items is

(a) an objective or

(b) a standard of com- parison of financial statement analysis:

1 . Industry norms 2. Assessment of a company's past performance 3. The company's past performance 4. Assessment of future potential and related risk 5. Rule-of- thumb measures. LO1

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Financial Accounting

ISBN: 9780618310746

8th Edition

Authors: Belverd E. Needles Jr,, Marian Powers

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