ATC 14-1 (Pg. 686)
- (Follow the cash) In a narrative format, answer the questions posed in the case for ATC 14-1 on page 690.
- What is meant by “presentation of financial statement information in common-size amounts rather than dollar amounts?” Why is this type of presentation sometimes more meaningful than use of actual dollar amounts?
- Why is trend just as important if not more important than information that pertains to only one year?