On a Common-Size Income Statement,depreciation Will Be

question 44

Multiple Choice

On a common-size income statement,depreciation will be

• A)omitted since it is a noncash expense.
• B)added back to convert net income to cash flows.
• C)expressed as a percentage of total assets.
• D)expressed as a percentage of sales.
• E)expressed as a percentage of gross fixed assets.

---

Definitions:

Spare Time

The time that someone has free from their employment or other obligations, often used for relaxation or personal activities.

Serious Motor Vehicle

Refers to motor vehicles involved in substantial accidents or incidents that result in serious injuries or fatalities.

Reasonable Notice

Notification given within a time frame that is considered fair and adequate under the circumstances.

Wrongful Dismissal

Termination of an employee's contract of employment in violation of the law or contractual terms.