On a Common-Size Statement of fiNancial Position, All _____ Accounts

question 283

Multiple Choice

On a common-size statement of financial position, all _____ accounts are shown as a percentage of _____.

• A) Income; total assets.
• B) Liability; net income.
• C) Asset; sales.
• D) Liability; total assets.
• E) Equity; sales.

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Definitions:

ICD-10-PCS

The International Classification of Diseases, 10th Revision, Procedure Coding System; a system used by healthcare providers to classify and code all diagnoses, symptoms, and procedures recorded in conjunction with hospital care in the United States.

Use of Decimal

A numerical system that employs the base ten; extensively used in mathematics and measurements.

ICD-10-CM

The International Classification of Diseases, Tenth Revision, Clinical Modification; a system used by healthcare providers to classify and code all diagnoses, symptoms, and procedures recorded in conjunction with hospital care in the U.S.

Alpha or Numeric

Pertaining to systems or sequences that consist of letters (alpha) and/or numbers (numeric).