A Horizontal Analysis of Balance Sheet Data Involves a Comparison

question 9

Multiple Choice

A horizontal analysis of balance sheet data involves a comparison of a balance sheet amount on a given date with

• A) the total of the assets on the balance sheet for that date.
• B) the net sales from the income statement for the period ending on that date.
• C) the total stockholders' equity on the balance sheet for that date.
• D) the amount for the same balance sheet item on a previous date.

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