Comparative Financial Statements in Which Each Individual Financial Statement Amount

question 58

Multiple Choice

Comparative financial statements in which each individual financial statement amount is expressed as a percentage of a base amount, and in which the base amount is expressed as 100%, are called:

• A) Comparative statements.
• B) Common-size comparative statements.
• C) General-purpose financial statements.
• D) Base line statements.
• E) Index statements.

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Definitions:

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