22. Horizontal analysis is a technique for evaluating financial statement data a

Question

22. Horizontal analysis is a technique for evaluating financial statement data
a. for one period of time.
b. over a period of time.
c. on a certain date.
d. as it may appear in the future.

16. An analysis in which all the components of an income statement are expressed as a percentage of net sales is called
a. vertical analysis
b. horizontal analysis
c. liquidity analysis
d. common-size analysis

3. The statement of cash flows reports
a. cash flows from operating activities
b. total assets
c. total changes in stockholders' equity
d. changes in retained earnings

Explanation / Answer

22) over a period of time
16) "A"
"Dividing each expense item in the income statement of a given year by net sales to identify expense items that rise more quickly or more slowly than a change in sales." 3) A

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