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Question
Comparative statement are also known as?
Options
Dynamic analysis
Horizontal analysis
Vertical analysis
External analysis
MCQ
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Solution
Horizontal analysis
Explanation:
These are statements that reflect a company's profitability and financial condition over time in a comparative format to offer an overview of the status of two or more periods. It usually refers to the two most important financial statements, the comparative Balance Sheet and Income Statement. Horizontal analysis is another name for this type of analysis.
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