A Common-Size Balance Sheet Will Express Accounts Receivable as a Percentage

question 58

Multiple Choice

A common-size balance sheet will express accounts receivable as a percentage of

• A)sales.
• B)current assets.
• C)net working capital.
• D)total assets.
• E)total owners' equity.

---

Definitions:

Check Register

A record of checks written, deposits made, and current balances within a checking account.

Deposits

Money placed into an account or given to a third party as a pledge for the fulfilment of an agreement.

Cash Balance

The amount of money in cash or cash equivalents that a company or individual has available at any given time.

Check Register

A record book or digital log used to track checks written, deposits made, and current balance of a checking account.