the Learning Activities Activity 1. Fill in the blanks with appropriate word/words 1. Comparative statement is a for financial statement analysis. 2. is the comparison of the financial statement of business with previous years financial statement. 3. Comparative shows the different assets and liabilities of the firm on different dates to make comparison of balance from one date to another. 4. income statement gives an idea of the progress of a business over a period of time. 5. When computing for the percentage change in comparative statement, the change in amount is divided by the 6. Change in amount for comparative statement is also called