Question
Horizontal analysis of income statements a. shows individual revenue and expense items as a percentage of net income. b. uses the earlier income statement as
Horizontal analysis of income statements a. shows individual revenue and expense items as a percentage of net income. b. uses the earlier income statement as the base for computing percentage changes. c. compares individual income statement items to those on the income statements of other companies. d. shows changes in individual asset, liability, and equity items over time.
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Survey of Accounting
Authors: Thomas Edmonds, Christopher, Philip Olds, Frances McNair, Bor
4th edition
77862376, 978-0077862374
