Common Size Balance Sheets Represent All Figures on the Balance

question 46

Multiple Choice

Common size balance sheets represent all figures on the balance sheet

• A)as a percentage change from the previous year.
• B)percentages of the current year's sales.
• C)as a percentage of some benchmark figure.
• D)as a percentage of total assets.

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Definitions:

Leakage Current

The unwanted flow of electrical current through an unintended path, typically small in magnitude.

Surge Current

The temporary, rapid increase in electric current that occurs when power is first applied to a circuit or when there is a short circuit, potentially damaging components.

Seven-segment LED Display

An electronic display device used to show digits and some alphabetic characters, made of seven individual light emitting diodes (LEDs) arranged in a rectangular pattern.