Indicate Whether Each of the Following Statements Is True or False.________

True/False

Indicate whether each of the following statements is true or false.________ a)Some forms of financial statement analysis involve identifying changes in the same item for the same company over a period of time.________ b)Some forms of financial statement analysis involve comparing operations of different companies in the same industry.________ c)Vertical analysis is also called trend analysis.________ d)Vertical analysis refers to studying the behavior of individual financial statement items over several periods.________ e)Horizontal analysis could be done using changes in the absolute dollar amount of an item or trends in percentages.