Trend analysis can be used
A)only with income statement accounts.
B)only with balance sheet accounts.
C)only with statement of stockholders' equity accounts.
D)only with common-size financial statements.
E)on any financial statement.

Question

Quizplus · Accepted Answer

Trend analysis can be used on any financial statement, including income statement, balance sheet, and statement of stockholders' equity. It involves identifying patterns and changes in financial data over time, which can help identify strengths, weaknesses, or trends in a company's financial performance.

Trend Analysis Can Be Used