Have an account?
The income statement equation is assets - liabilities = owner's equity.
Cost of goods sold are the indirect costs associated with producing a product for sale.
The formula for cost of goods sold is Beginning Inventory + Purchases - Ending Inventory = COGS for that period.
Financial statements for a group that are presented as one
Consolidated Income Statement
Consolidated Balance Sheet
Cash Flow Statement
Comparative analysis is also known as
Common Size Analysis
None of the answers are correct
Horizontal analysis allows you to compare to periods of data
Vertical analysis compares all items on an income statement to revenues.