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Horizontal analysis is the comparison of a company’s financial condition and performance across time.

Transactions are recorded first in the ledger and then transferred to the journal.

The three common forms of business ownership include sole proprietorship, partnership, and non-profit.

A ratio expresses a mathematical relation between two quantities and can be expressed as a percent, rate, or proportion.

Market prospects are the ability to generate positive market expectations.

Horizontal analysis is the comparison of a company’s financial condition and performance across time.

If a company receives $12,000 from its sole stockholder to establish a corporation, the effect on the accounting equation would be:

Net sales divided by Average accounts receivable, net is the:

Transactions are recorded first in the ledger and then transferred to the journal.

A decrease in the inventory account during the year should be reported on the indirect method statement of cash flows as: