Consolidated Income Statement Quiz for IBM and Subsidiaries
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Questions and Answers

Which of the following is a financial statement used to analyze the change in key financial items over time?

  • Balance Sheet
  • Statement of Comprehensive Income (correct)
  • Statement of Cash Flows
  • Statement of Equity
  • Which financial statement is used to assess the relative proportion of each line item to a base item within the same period?

  • Statement of Cash Flows
  • Balance Sheet (correct)
  • Statement of Comprehensive Income
  • Statement of Equity
  • Which of the following is a measure used to evaluate the financial performance and health of a company?

  • Horizontal Analysis
  • Analysis of Financial Ratios (correct)
  • Vertical Analysis
  • Statement of Comprehensive Income
  • Which financial statement provides a summary of the company's revenues and expenses during a specific period?

    <p>Statement of Comprehensive Income</p> Signup and view all the answers

    Which type of analysis would be most useful in identifying trends and changes in a company's revenue and expenses over multiple years?

    <p>Horizontal Analysis</p> Signup and view all the answers

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