Question
Statement I: Horizontal analysis includes analysis of absolute and relative changes on the financial statement. Statement II: Financial statement analysis consists of horizontal analysis, trend
Statement I:
Horizontal analysis includes analysis of absolute and relative changes on the financial statement.
Statement II:
Financial statement analysis consists of horizontal analysis, trend analysis, and vertical analysis.
| Both statements are correct |
| Statement 1 is correct; statement 2 is incorrect |
| Statement 1 is incorrect; statement 2 is correct |
| Both statements are incorrect |
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Managerial Accounting Tools For Business Decision Making
Authors: Strayer University
2010th Custom Edition
0470603534, 978-0470603536
