The statement that Vertical analysis of financial statements is accomplished by preparing common-size statements is True.
What is Vertical analysis of financial statements?
Vertical analysis can be described as the method of financial statement analysis whereby each line item is listed as a percentage of a base figure within the statement.
It should be noted that a horizontal line can be seen to proceeds from left to right on a chart to the x-axis, however Vertical analysis can be used in trend analysis, for the relative changes in accounts with time like on a comparative basis over a five-year period.
Therefore, option A is correct.
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