Horizontal Analysis of Comparative Financial Statements Includes the

question 111

Multiple Choice

Horizontal analysis of comparative financial statements includes the

• A)development of vertically analyzed statements.
• B)calculation of liquidity ratios.
• C)calculation of dollar amount changes and percentage changes from the previous to the current year.
• D)evaluation of financial statement data that expresses each item in the current period's financial statement as a percentage of a base amount.