Given the Following Data for the King Company How Would Common Stock Appear on a Common Size Balance

question 220

Multiple Choice

Given the following data for the King Company: $$\begin{array} { l r } \text { Current liabilities } & \$ 400 \\\text { Long-term debt } & 480 \\\text { Common stock } & 700 \\\text { Retained earnings } & 920 \\\text { Total liabilities \& stockholders' equity } & \$ 2,500\end{array}$$ How would common stock appear on a common size balance sheet?

• A) 20%
• B) 70%
• C) 28%
• D) 30%

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Percent

A proportion or share in relation to a whole, represented as a part of one hundred.

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A neurotransmitter in both the central and peripheral nervous system that plays an important role in muscle movement and cognitive processes.