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Select all that are true regarding financial statement trends: Question 1 options: The sales trend drives the trend in expenses. Trends will persist into the
Select all that are true regarding financial statement trends:
Question 1 options:
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| The sales trend drives the trend in expenses. |
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| Trends will persist into the future. |
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| Trends can be used to see anomalies in the firm over time. |
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| Downward trends always lower profit. |
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| Increasing trends in assets causes an increase in financing (debt & equity). |
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| Trends show growth or decay of parts of the firm. |
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| The sales trend drives the trend in assets. |
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| Trends can NOT be compared to other firms. |
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