If a Firm's Trends in Common-Size Statements Are Generally in Line

question 53

True/False

If a firm's trends in common-size statements are generally in line with those of the rest of the industry,problems are less likely than if the firm's trends are worse than the industry average.

---

Definitions:

Assignee

A person or entity to whom rights or interests have been transferred through a legal agreement or contract.

UCC

Stands for Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.

Assignments

Tasks, duties, or responsibilities allocated to someone, or the transfer of legal rights from one party to another.

Valid Assignment

Legally effective transfer of rights, property, or obligations from one party to another.