Question: Select all that are true regarding financial statement trends: Question 1 options: The sales trend drives the trend in expenses. Trends will persist into the

Select all that are true regarding financial statement trends:

Question 1 options:

The sales trend drives the trend in expenses.

Trends will persist into the future.

Trends can be used to see anomalies in the firm over time.

Downward trends always lower profit.

Increasing trends in assets causes an increase in financing (debt & equity).

Trends show growth or decay of parts of the firm.

The sales trend drives the trend in assets.

Trends can NOT be compared to other firms.

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