A Common-Sized Balance Sheet Is Prepared by Expressing Each Asset

question 12

Multiple Choice

A common-sized balance sheet is prepared by expressing each asset as a percent of:

• A) total current assets.
• B) total assets.
• C) total long-term assets.
• D) total liabilities.

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Definitions:

Computer Servers

A computer server is a device or software that provides functionality for other devices or clients on a network, offering resources, data, services, or programs.

Cloud Computing

Cloud computing is the delivery of computing services—including servers, storage, databases, networking, software, analytics, and intelligence—over the Internet ("the cloud") to offer faster innovation, flexible resources, and economies of scale.

Instant Messaging

A form of real-time online communication through text-based messages exchanged between users on a computer or mobile device.

Lync

A former brand name for Microsoft's communication software, providing instant messaging, video calls, and meeting capabilities, now rebranded as Skype for Business.