Question: 18. A percentage analysis comparing component amounts from a single years financial statement / information to a total within the statement, benchmark, is called: a.

18. A percentage analysis comparing component amounts from a single years financial statement / information to a total within the statement, "benchmark", is called: a. Liquidity Analysis b. Vertical Analysis c. Solvency Analysis d. Horizontal Analysis 19. The Cost of Goods Manufactured Statement is a supporting statement for: a. the Balance Sheet b. the Retained Earnings Statement c. the Factory Overhead Report d. the Income Statement 20. Cost of raw materials used in manufacturing process is calculated on the: a. Income Statement b. Balance Sheet C. Cost of Goods Manufactured Statement d. Trial Balance 18. A percentage analysis comparing component amounts from a single years financial

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2. Find out if there are other reference points that can be used as reasonable alternatives.

1. Identify your reference point when making a decision based on an element of risk.

3. If there are reasonable alternatives, think about your decisions based on the different reference points and see if there are any contradictions in the decisions.