Usually, the issue price exceeds par value because par value is normally set as a percentage of the issue price of the stock.

True

False

The balance sheet shows why cash increased or decreased.

True

False

In regards to benchmarking, which of the following statements is incorrect?

A.

Benchmarking is the practice of comparing a company with other leading companies.

B.

The two main types of benchmarks in financial statement analysis include benchmarking against the industry average and benchmarking against a key competitor.

C.Providing

commonminussize

percentages in a graphical manner highlights differences.

D.

The industry average is not a useful benchmark for evaluating a company.

Each category of the accounting equation contains accounts.

True

False