To Prepare Common Size Income Statements,percentages for Line Items Are

question 37

Multiple Choice

To prepare common size income statements,percentages for line items are usually based on ________.To prepare common size balance sheets,percentages for line items are usually based on ________.

• A) net income; total stockholders' equity
• B) net operating profit; total stockholders' equity
• C) sales; total assets
• D) expenses; total liabilities

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