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Very nice overview of the different types of financial analysis! Question.... If after performing a horizontal analysis of the income statement, you discover huge variances

Very nice overview of the different types of financial analysis!

Question.... If after performing a horizontal analysis of the income statement, you discover huge variances in some of the expense accounts from one year to the next, what steps would you take to investigate these variances? Does it matter if the variances are positive or negative? Why or why not? Others' thoughts?

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