Which of the following relationships between types of analytical procedures and sources of information are most logical?

Question:

Type of Analytical Procedure Source of Information

a. Comparison of current account balances

with prior periods Physical production statistics

b. Comparison of current account balances

with expected balances Company’s budgets and forecasts

c. Evaluation of current account balances

with relation to predictable historical patterns Published industry ratios

d. Evaluation of current account balances in

relation to nonfinancial information Company’s own comparative financial statements

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...