Horizontal Analysis Is Analysis in Which

question 107

Multiple Choice

Horizontal analysis is analysis in which

• A)financial statement lines are expressed as a percent of the base (earliest) year.
• B)all items are presented as a percentage of one selected item on the financial statement.
• C)a statistic is calculated for the relationship between two items on a single financial statement or for two items on different financial statements.
• D)ratio increases and decreases are presented for the past two accounting periods.

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Definitions:

Special Sense

A perception such as sight, hearing, smell, taste, or balance requiring specialized organs.

Unencapsulated Receptors

Sensory receptors not surrounded by connective tissue capsules, detecting changes in their environment.

Meissner's Corpuscles

Sensitive mechanoreceptors located in the papillary layer of the dermis, particularly in areas like the fingertips and lips, responsible for sensitivity to light touch.

Free Nerve Endings

Sensory receptors found throughout most of the body that respond to pain, temperature, touch, and pressure.