In a Common Size Balance Sheet to Be Used in Vertical

question 214

Multiple Choice

In a common size balance sheet to be used in vertical analysis, the 100% amount is

• A)current assets.
• B)working capital.
• C)total assets.
• D)total stockholders' equity.

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Definitions:

Indirectly Benefit

To gain advantage or profit in a secondary way from an action or event not directly involved with one's efforts.

Incidental Beneficiary

A third party who incidentally benefits from a contract but whose benefit was not the reason the contract was formed. An incidental beneficiary has no rights in a contract and cannot sue to have the contract enforced.

Intended Beneficiary

A third party for whose benefit a contract is formed; an intended beneficiary can sue the promisor if such a contract is breached.

Incidental Beneficiary

A non-contracted third party who unintentionally benefits from a contract.