When vertical analysis is performed: a. Ratios are used to detect fraud. b. Changes in significant balance
Question:
When vertical analysis is performed:
a. Ratios are used to detect fraud.
b. Changes in significant balance totals are examined.
c. Financial statement balances are converted to percentages.
d. Total revenues are compared to total expenses.
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Option c is the correct answerWhen vertical analysis is performedfinancial statement balances ...View the full answer
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Related Book For
Fraud examination
ISBN: 978-0538470841
4th edition
Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma
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