Comparison standards for financial statement analysis include
A)Intracompany
B)Competition
C)Industry
D)Guidelines
E)All of these

Question

Quizplus · Accepted Answer

All of these are comparison standards for financial statement analysis. Intracompany analysis involves comparing a company's current performance with its past performance, competition analysis involves comparing a company's performance with other companies in the same industry, and industry analysis involves comparing a company's performance with the overall performance of its industry. Guidelines are also used for comparison, such as financial ratios and standards set by regulatory bodies.

Comparison Standards for Financial Statement Analysis Include