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19.
Which of the following is not an irregular item on the
income statement?
a. Discontinued operations
b. Extraordinary items
c. Other revenues and expenses
20.
Vertical analysis is a technique that expresses each item in
a financial statement
value.
a. in dollars and cents.
b. as a percent of the item in the previous year.
c. as a percent of a base amount.
d. starting with the highest value down to the lowest