We use vertical analysis for income statement accounts,but not balance sheet accounts.

Name: We use vertical analysis for income statement accounts,but not balance sheet accounts.
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Question

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We use vertical analysis for both income statement and balance sheet accounts. Vertical analysis involves expressing each item as a percentage of a base amount within the same statement, which helps in analyzing the relative proportions of different accounts within the statement.

We Use Vertical Analysis for Income Statement Accounts,but Not Balance