All the following statements regarding a horizontal, Ask an Expert

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All the following statements regarding a horizontal analysis are true EXCEPT:

a. A horizontal analysis is used to compare an item in a current statement with the same item in prior statements.

b. A horizontal analysis can be performed on a balance sheet and income statement, but not on a statement of cash flows.

c. If fees Earned in 2009 is $150,000 and fees earned in 2010 is $187,500, a horizontal analysis will indicate a 25% increase over this period.

d. When two statements are compared in horizontal analysis, the earlier statement is used as the base for computing the amount and the percent of change.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9437681

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