This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: All of the following statements regarding vertical analysis are true except: a. Vertical analysis ... (Read 150 times)

Lisaclaire

  • Hero Member
  • *****
  • Posts: 569
on: Jul 5, 2018
All of the following statements regarding vertical analysis are true except:
 a. Vertical analysis may be prepared for several periods to analyze changes in relationships over time.
  b. In a vertical analysis of a balance sheet, each asset item is stated as a percent of total assets.
  c. In a vertical analysis of an income statement, each item is stated as a percent of total expenses.
  d. Major differences between a company's vertical analysis and industry averages should be investigated.

Question 2

Which of the following liabilities normally would not be reported in governmental funds?
 
  a. accrued salaries payable
  b. bonds payable
  c. vouchers payable
  d. all of the above are commonly reported in governmental funds
  e. none of the above are commonly reported in governmental funds


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

wtf444

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

b


Lisaclaire

  • Member
  • Posts: 569
Reply 2 on: Jul 5, 2018
Wow, this really help

bulacsom

  • Member
  • Posts: 329
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Where mangrove diversity is high, mangrove species show clear patterns of vertical zonation relative Where mangrove diversity is high, mangrove species show clear patterns of vertical zonation relative
Pedigree Analysis and Inheritance Pedigree Analysis and Inheritance
Frequency Analysis of Letters Used in the English Language Frequency Analysis of Letters Used in the English Language
GENETIC ANALYSIS 15.1 (3 of 5) GENETIC ANALYSIS 15.1 (3 of 5)
Yanofsky’s cotransduction frequency analysis Yanofsky’s cotransduction frequency analysis
An example of identification and analysis of conditional alleles An example of identification and analysis of conditional alleles
Video: Embryonic development - Week 3

For a complete list of videos, visit our video library