In Performing a Vertical Analysis, the Base for Sales Revenues

question 115

Multiple Choice

In performing a vertical analysis, the base for sales revenues on the income statement is

• A)net sales.
• B)sales revenue.
• C)net income.
• D)cost of goods available for sale.

---

Definitions:

National Defense

The government activities involved in defending a country against foreign threats, including maintaining armed forces and defensive measures.

Nonexcludable

A characteristic of public goods where it is not possible to prevent anyone from accessing and using the good.

Clean Air

Air that is free of pollutants and contaminants, considered essential for health and environmental quality.

Public Good

A good that is non-excludable and non-rivalrous, meaning it can be consumed by many people without diminishing its availability to others.