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23 April, 10:09

At the end of year 1, the balance sheet for the Rich Food Restaurant showed cash at $20,000. At the end of Year 2, the balance sheet showed $40,000 in cash. A horizontal analysis of the balance sheet would show the absolute difference between the two years as

$20,000 T/F

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  1. 23 April, 14:07
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    The answer is True

    Explanation:

    Horizontal analysis is the comparison of historical financial information over a series of reporting period (financial periods). It can also be used to project the amounts of various line items into the future.
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