On Common Size Income Statements, Each Component in the Income

question 20

Multiple Choice

On common size income statements, each component in the income statement is represented as a percentage of:

• A) Net income.
• B) Sales.
• C) Total assets.
• D) Profit.

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Definitions:

Increase Sensitivity

The process of enhancing the perceptual or emotional responsiveness to stimuli.

Passionate Kiss

A deep and intense kiss often expressing romantic desire and strong emotions.

Glucose

A simple sugar and an important energy source in living organisms, also the main type of sugar in the blood.

Sodium

A chemical element with the symbol Na and atomic number 11, sodium is a soft, silvery-white, highly reactive metal that is a key component of table salt (sodium chloride).