Question Details

Intracompany comparisons of the same financial statement items 


TRUE-FALSE STATEMENTS
1. Comprehensive income includes all changes in stockholders’ equity during a period
except those resulting from investments by stockholders and distributions to stockholders.
2. Intracompany comparisons of the same financial statement items are often useful to detect changes in financial relationships and significant trends.
3. Comparisons of company data with industry averages provide information about a company's relative position within the industry.
4. Horizontal, vertical, and circular analyses are the basic tools of financial statement analysis.
5. Horizontal analysis is a technique for evaluating a financial statement item in the current year with other items in the current year.



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