Indicate Whether Each of the Following Statements Is True or False

Short Answer

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