Which of the following relationships between types of analytical procedures and sources of information are most logical? Type of Analytical Procedure b. a. Comparison of current account balances with prior periods Evaluation of current account balances with relation to predictable historical patterns Evaluation of current account balances with relation to predictable historical patterns Comparison of current account balances with expected balances d. Source of Information Physical production statistics Published industry ratios Company's own comparative financial statements Company's budgets and forecasts

Which of the following relationships between types of analytical procedures and sources of information are most logical? Type of Analytical Procedure b. a. Comparison of current account balances with prior periods Evaluation of current account balances with relation to predictable historical patterns Evaluation of current account balances with relation to predictable historical patterns Comparison of current account balances with expected balances d. Source of Information Physical production statistics Published industry ratios Company's own comparative financial statements Company's budgets and forecasts

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Which of the following relationships between types of analytical procedures and sources of
information are most logical? Type of Analytical Procedure b. a. Comparison of current account
balances with prior periods Evaluation of current account balances with relation to predictable
historical patterns Evaluation of current account balances with relation to predictable historical
patterns Comparison of current account balances with expected balances d. Source of Information
Physical production statistics Published industry ratios Company's own comparative financial
statements Company's budgets and forecasts

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