In trend analysis,each item is expressed as a percentage of the
A)net income amount.
B)total assets amount.
C)base year amount.
D)retained earnings amount.

Question

Quizplus · Accepted Answer

Trend analysis typically uses a base year or period as a reference point to calculate changes or trends. Therefore, each item is expressed as a percentage of the base year amount. This allows for easier comparison and analysis of financial data over time.

In Trend Analysis,each Item Is Expressed as a Percentage of the