Vertical Analysis Is a Technique Which Expresses Each Item Within

question 95

Multiple Choice

Vertical analysis is a technique which expresses each item within a financial statement

• A) in dollars and cents.
• B) in terms of a percentage of the item in the previous year.
• C) in terms of a percent of a base amount.
• D) starting with the highest value down to the lowest value.

---

Definitions:

Iliad

An ancient Greek epic poem attributed to Homer, chronicling the siege of Troy and highlighting themes of heroism, wrath, and the follies of gods and men.

Repoussé

Repoussé is a metalworking technique in which a malleable metal (such as gold, silver, copper) is ornamented or shaped by hammering from the reverse side to create a design in low relief.

Lost Wax

A method of metal casting in which a molten metal is poured into a mold that has been created by means of a wax model, which melts and runs out, leaving a detailed impression behind.

Carving

A sculptural technique in which the artist cuts away material (for example, from a stone block) in order to create a statue or a relief.