Intra-company standards for financial statement analysis:
A) Are set by the company's industry through published statistics.
B) Are often set by competitors.
C) Are published by analyst services such as Standard & Poor's.
D) Are based on a company's prior performance and relations between its financial items.
E) Are based on rules of thumb.

Question

Quizplus · Accepted Answer

Intra-company standards for financial statement analysis are based on a company's prior performance and relations between its financial items. These standards help to evaluate the company's financial position and performance over time, and can be used to identify trends and areas for improvement. They are often developed internally by the company or by its auditors or consultants.

Intra-Company Standards for Financial Statement Analysis