The substantive analytical procedure known as trend analysis is best described by:

Multiple Choice

development of a model to form an expectation using financial data, nonfinancial data, or both to test account balances or changes in account balances between accounting periods.

the examination of changes in an account over time.

the comparison, across time or to a benchmark, of relationships between financial statement accounts or between an account and nonfinancial data.

the calculation of days sales outstanding and comparing the value to the industry average.