Description
Q20: A statement comparing data from two or more consecutive periods is called a:
a. horizontal analysis
b. comparative income statement
c. common-size statement
d. comparative balance sheet
Explanation & Answer
a. horizontal analysis A horizontal analysis provides you with a way to compare your numbers from one period to the next, using financial statements from at least two distinct periods. Each line item has an entry in a current period column and a prior period column. Those two entries are compared to show both the dollar difference and percentage change between the two periods. reference |
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