In Horizontal Analysis, If an Item Has a Negative Amount

question 69

True/False

In horizontal analysis, if an item has a negative amount in the base year, and a positive amount in the following year, no percentage change for that item can be calculated.

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Definitions:

Oceanic Plateau

A large, high-standing, submarine plateau formed by volcanic activity and consisting mainly of basalt.

Abyssal Plain

A large, flat, almost level area of the deep-ocean floor, usually found at depths between 3,000 meters and 6,000 meters.

Linear Chain

A straight or nearly straight line of objects connected in series.

Executives

Senior level managers responsible for planning, directing, and overseeing a company's operations and strategic direction.