Please answer 1-5

1. A statement of comprehensive income includes Net income and Comprehensive income. False True 2. The basic tools in financial statement analysis include a. Horizontal analysis b. Vertical analysis c. Ratio analysis d. All of the above 3. Horizontal analysis is a technique for evaluating a financial statement item in the current year with other items in the current year. False True 4. Which of the following is the best definition of sustainable income? Sustainable income is a measure of solvency that does not include capital expenditure. a. b. Sustainable income is the same as net income. c. Sustainable income is income that is unusual in nature and infrequent in occurrence. d. Sustainable income is the most likely level of income to be obtained in the future. Dandy Candy Company sold its licorice division resulting in a loss of $80,000. Assuming a tax rate of 25%, the loss on this disposal will be reported on the income statement at what amount? 5. a. $100,000 b. $20,000 c. $80,000 d. $E0,000