In a Horizontal Analysis, If There Is a Negative Amount

question 11

True/False

In a horizontal analysis, if there is a negative amount in the base year and a positive amount in the next year, then no percentage change can be calculated.

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Definitions:

Infant

A legal term referring to a person who is not yet of the age of majority and therefore lacks the legal capacity to enter into contracts.

Tort

A civil wrong or breach of duty to another person, as outlined by law, which could constitute a lawsuit for damages.

Contractual Incapacity

Contractual incapacity refers to a person's legal inability to enter into a binding contract due to various reasons such as age, mental condition, or duress.

Infant

A child in the earliest period of life, particularly before they can walk; in legal contexts, often synonymous with a minor.