True or False: Horizontal Analysis Results can be listed as percentages and dollar amounts as long as one or the other is consistently used.1 pointFalseTrue

The statement is True. Horizontal analysis involves comparing financial data over a sequence of time to identify trends and growth patterns. The results of horizontal analysis can indeed be expressed in both dollar amounts and percentages. When performing such an analysis, it is essential to maintain consistency in the method of presentation. Thus, if percentages are used in one instance, percentages should be used throughout for clarity, or dollar amounts should be used consistently as well. However, you can choose either method depending on which provides more useful insights for the analysis, as long as you stay consistent within that report. Using both forms can provide a comprehensive understanding of the changes in financial figures over time.