Horizontal analysis is appropriately performed
A) only on the income statement.
B) only on the statement of financial position.
C) only on the statement of retained earnings.
D) on all three of these statements.

Question

Quizplus · Accepted Answer

Horizontal analysis can be performed on the income statement, statement of financial position, and statement of retained earnings to compare financial data over multiple periods.

Horizontal Analysis Is Appropriately Performed