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Select all that are true regarding financial statement trends: Question options: Trends can NOT be compared to other firms. The sales trend drives the trend
Select all that are true regarding financial statement trends:
Question options:
| Trends can NOT be compared to other firms. |
| The sales trend drives the trend in assets. |
| Trends show growth or decay of parts of the firm. |
| Trends can be used to see anomalies in the firm over time. |
| Downward trends always lower profit. |
| Increasing trends in assets causes an increase in financing (debt & equity). |
| The sales trend drives the trend in expenses. |
| Trends will persist into the future. |
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