All of the following statements regarding vertical analysis are true except a. in a vertical analysis of a balance sheet, each asset item is stated as a percent of total assets b. in a vertical analysis of an income statement, each item is stated as a percent of total expenses c. vertical analysis may be prepared for several periods to analyze changes in relationships over time d. major differences between a company’s vertical analysis and industry averages should be investigated

Option b. is correct

Explanation:

Vertical analysis is a technique used to analyze the financial statements in which each item is listed as a percentage of the base figure.

All of the following statements regarding vertical analysis are true except in a vertical analysis of an income statement, each item is stated as a percent of total expenses.

So,

Option b. is correct

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it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.