Which of the following statements is not true?
A. Notes and schedules also form part of financial statements.
B. The tools of financial statement analysis include common -size statement
C. Trend analysis refers to the study of movement of figures for one years
D. The common-size statements show the relationship of various items with some common base, expressed as percentage of the common base.
Answer:C
Which of the following statements is not true?
A. Notes and schedules also form part of financial statements. B. The tools of financial statement analysis include common -size statement C. Trend analysis refers to the study of movement of figures for one years D. The common-size statements show the relationship of various items with some common base, expressed as percentage of the common base.