Standards for comparisons in financial statement analysis do not include:
A)Intra-company standards.
B)Competitors' standards.
C)Industry standards.
D)Management standards.
E)Guidelines (rules of thumb).

Question

Quizplus · Accepted Answer

Standards for comparisons in financial statement analysis include intra-company standards, competitors' standards, industry standards, and guidelines (rules of thumb). However, management standards are not a recognized standard in financial statement analysis as they are subjective and vary from company to company.

Standards for Comparisons in Financial Statement Analysis Do Not Include