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10) Which of the following best describes trend analysis? A) calculating key ratios to evaluate
performance B) expressing each financial statement amount as a percentage of a budgeted
amount comparing a company's financial statements with that of other companies ) expressing
each year C)
Solution
Trend analysis is expressing each year's financial statement amounts as a percentage of the
base year amounts. Option D is correct

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10) Which of the following best describes trend analysis A) calculat.pdf

  • 1. 10) Which of the following best describes trend analysis? A) calculating key ratios to evaluate performance B) expressing each financial statement amount as a percentage of a budgeted amount comparing a company's financial statements with that of other companies ) expressing each year C) Solution Trend analysis is expressing each year's financial statement amounts as a percentage of the base year amounts. Option D is correct