Question: 1. Comparing each item on a financial statement with a total amount from the same statement is referred to as horizontal analysis. vertical analysis. revenue

1. Comparing each item on a financial statement with a total amount from the same statement is referred to as

  1. horizontal analysis.
  2. vertical analysis.
  3. revenue recognition.
  4. None of these choices are correct.

2. In a vertical analysis, which of the following accounts is most likely to represent 100 percent?

  1. Fees Earned
  2. Supplies Expense
  3. Rent Expense
  4. Wages Expense

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