Indicate Whether Each of the Following Statements About Financial Statement

True/False

Indicate whether each of the following statements about financial statement analysis is true or false.________ a)The reason behind a financial statement ratio or percentage analysis result is usually self-evident and does not require further study or analysis.________ b)In horizontal percentage analysis, an item from the financial statements is expressed as a percentage of the same item from a previous year's financial statements.________ c)Horizontal analysis for several years can be done by choosing one year as a base year and calculating increases or decreases in relation to that year.________ d)One form of horizontal analysis is the preparation of common size financial statements.________ e)Vertical analysis compares two or more financial statement items within the same time period.