Indicate Whether Each of the Following Statements Is True or False

question 148

Short Answer

Indicate whether each of the following statements is true or false.
Some forms of financial statement analysis involve identifying changes in the same item for the same company over a period of time.______
Some forms of financial statement analysis involve comparing operations of different companies in the same industry.______
Vertical analysis is also called trend analysis.______
Vertical analysis refers to studying the behavior of individual financial statement items over several periods.______
Horizontal analysis could be done using changes in the absolute dollar amount of an item or trends in percentages.______

---

Definitions:

Advantages

Positive aspects or benefits associated with a particular situation, action, or decision.

Functional Résumé

Format that emphasizes skills and capabilities while identifying employers and academic experience in subordinate sections; many recruiters view this format with suspicion.

Skills And Capabilities

The abilities and competencies that enable an individual to perform tasks or jobs effectively.

Career Gaps

Periods of unemployment in an individual's work history, often explained by personal choice, study, or other reasons.