Indicate Whether Each of the Following Statements Is True or False

question 80

Short Answer

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

---

Definitions:

Public Charity

A type of nonprofit organization that receives a significant portion of its funding from the public and operates for the benefit of the general public.

Income Statistics

Data that represent the distribution of income across different segments of the population.

Poverty

A condition where individuals or communities lack the financial resources and essentials for a minimum standard of living.

Social Security

A government program that provides financial support to individuals during retirement, disability, or upon the death of a primary wage earner.