In a Common Size Statement, the Statement of fiNancial Position

question 155

Multiple Choice

In a common size statement, the statement of financial position may be expressed as a percentage of ____________ while the statement of comprehensive income may be expressed as a
Percentage of ____________.

• A) liabilities plus equity; net income
• B) assets; net income
• C) sales; liabilities plus equity
• D) liabilities plus equity; sales
• E) liabilities; sales

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Definitions:

Lesions

Abnormal changes or damage in body tissues, organs, or skin, often visible as sores or wounds.

Parasites

Species that reside within or on a host organism, obtaining their nourishment to the detriment of their host.

Worm Eggs

The reproductive cells produced by worms, which can be found in soil, water, or inside the bodies of host organisms, leading to the spread of worm infestations.

Infested Sand

Sand that is heavily contaminated or populated by pests or undesirable organisms.