For the Past Few Years, Corey's Filing Status Has Been

question 131

Essay

For the past few years, Corey's filing status has been as follows: 2013 (married/joint); 2014 (married/separate); 2015 (surviving spouse); 2016 (surviving spouse); and 2017 (head of household). Explain what probably has happened.

---

Definitions:

Horizontal Analysis

Horizontal analysis is a technique in financial analysis where figures in financial statements over different periods are compared to identify trends and growth patterns.

Vertical Analysis

A method of financial statement analysis in which each entry for each of the three major categories of accounts (assets, liabilities, and equities) in a balance sheet is represented as a proportion of the total account.

Base Amount

A reference value or starting point used for financial calculations, such as determining percentages or comparisons.

General-purpose Financial Statements

These are standardized financial reports prepared by organizations to provide key financial data to stakeholders such as income statements, balance sheets, and cash flow statements.