Indicate Whether Each of the Following Statements Is True or False

Short Answer

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)Horizontal 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.