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25) Which one of the following statements is true? A) Vertical analysis expresses each item in a financial statement as a percentage of the same
25) Which one of the following statements is true? A) Vertical analysis expresses each item in a financial statement as a percentage of the same base amount. B) Vertical analysis calculates the amount and percentage change of an account over time. C) We use vertical analysis for income statement accounts, but not balance sheet accounts. D) For vertical analysis, we express each balance sheet item as a percentage of sales
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