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 197 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
:D TYSM

Joy Chen

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Apparent and True Orbits of Alpha Centauri. Apparent and True Orbits of Alpha Centauri.
How to convert verbal statements into algebraic equations (Part 3) How to convert verbal statements into algebraic equations (Part 3)
E9-23 Prepare income statements Explain the difference in operating income E9-23 Prepare income statements Explain the difference in operating income
GENETIC ANALYSIS 15.1 (3 of 5) GENETIC ANALYSIS 15.1 (3 of 5)
GENETIC ANALYSIS GENETIC ANALYSIS
Z/W inheritance of feather form in poultry is revealed by analysis of reciprocal crosses Z/W inheritance of feather form in poultry is revealed by analysis of reciprocal crosses
Video: Primary Active Transport - electrochemical gradient and ion transport / water movement

For a complete list of videos, visit our video library