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