Question: Indicate whether each of the following items is (a) An underlying concept, (b) An objective or (c) A standard of comparison of financial statement analysis:

Indicate whether each of the following items is

(a) An underlying concept,

(b) An objective or

(c) A standard of comparison of financial statement analysis:

1. Industry norms

2. Assessment of a company's past performance

3. Comparability

4. The company's past performance

5. Assessment of future potential and related risk

6. Predictive value

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