Horizontal Analysis Evaluates a Series of Financial Statement Data Over

question 82

Multiple Choice

Horizontal analysis evaluates a series of financial statement data over a period of time

• A) that has been arranged from the highest number to the lowest number.
• B) that has been arranged from the lowest number to the highest number.
• C) to determine which items are in error.
• D) to determine the amount and/or percentage increase or decrease that has taken place.

---

Definitions:

Drawee

The party in a financial transaction who is directed to pay a certain amount of money, typically written on a draft or check.

Cashier's Check

A cashier's check is a check guaranteed by a bank, drawn on the bank's own funds and signed by a cashier.

Check Forgery

The criminal act of making or altering a check with intent to defraud, such as by changing the amount or forging the drawer's signature.

Wrongfully Held Funds

Money that is unjustly retained or withheld from its rightful owner or beneficiary.