Examlex
Which of the following is true of the cross shown in the figure below?
Vertical Analysis
An analysis that compares each item in a current statement with a total or key amount within the same statement.
Financial Statements
Financial reports that summarize the effects of events on a business.
Horizontal Analysis
Financial analysis that compares an item in a current statement with the same item in prior statements in terms of the amount and percentage of change.
Base Year
A specific year chosen as a point of comparison for financial or economic data over time.
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