To Convert a Balance Sheet into a Common-Size Balance Sheet

question 79

Multiple Choice

To convert a balance sheet into a common-size balance sheet statement,we restate all the numbers as percentages of ________.

• A)revenue
• B)total assets
• C)total owners' equity
• D)total liabilities

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Definitions:

Carbon Fixation

Process by which carbon from an inorganic source such as carbon dioxide is incorporated (fixed) into an organic molecule.

Calvin-Benson Cycle

A series of biochemical reactions taking place in the stroma of chloroplasts in photosynthetic organisms, pivotal in converting carbon dioxide into glucose.

Cyclic Pathway

A series of biochemical reactions that return to the starting point, recycling intermediates and driving cellular processes.

Noncyclic Reactions

A phase of photosynthesis that involves a linear electron flow resulting in the production of oxygen, ATP, and NADPH as opposed to cyclic reactions where only ATP is produced.