A product is something that is intangible

Answer the following statement(s) true (T) or false (F)

1. Intracompany comparisons of the same financial statement items can often detect changes in financial relationships and significant trends. 2. Measures of a company's liquidity are concerned with the company's ability to service long-term debt. 3. Horizontal, vertical, and circular analyses are the most common tools of financial statement analysis. 4. In a vertical analysis of an income statement, each item on the income statement is expressed as a percentage of sales. 5. Common size analysis expresses each item within a financial statement in terms of a percent of a base amount.

An owner is refinancing their present home loan. The disclosure of the financing changes on the new loan would be covered under the:

A. Statute of frauds. B. Federal Fair Housing Law. C. Truth in Lending Act/Regulation Z. D. Real Estate Settlement Procedure Act (RESPA).