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    Cornerstones of Managerial Accounting
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    Exam 16: Financial Statement Analysis
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    In Horizontal Analysis, Each Item Is Expressed as a Percentage
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In Horizontal Analysis, Each Item Is Expressed as a Percentage

Question 127

Question 127

Multiple Choice

In horizontal analysis, each item is expressed as a percentage of the


A) retained earnings figure.
B) total assets figure.
C) net income figure.
D) base year figure.

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