On Financial Statements That Include Vertical Analysis, Which of the Following

question 134

Multiple Choice

On financial statements that include vertical analysis, which of the following is set at 100%?

• A)Total liabilities
• B)Profit
• C)Total assets
• D)Cost of goods sold

---

Definitions:

Regulatory Device

Tools or mechanisms used by governmental bodies to control or influence the behavior of individuals, businesses, or other entities in order to enforce laws and regulations.

Federal Assistance

Financial or other aid provided by the federal government to individuals, organizations, or states, for purposes such as disaster relief, education, or health care.

U.S. Supreme Court

The highest court in the United States, with ultimate appellate jurisdiction over all federal and state court cases that involve a point of federal law.

Constitutional Provisions

Specific principles or clauses within a constitution that outline the structure of government, rights, and obligations.