Component Percentages Indicate the Relative Size of Each Item Included

question 119

Multiple Choice

Component percentages indicate the relative size of each item included in a total. Which of the following statements is true?

• A) Income statement items are expressed as a percentage of profit and balance sheet items as a percentage of total assets.
• B) Income statement items are expressed as a percentage of sales and balance sheet items as a percentage of total assets.
• C) Income statement items are expressed as a percentage of profit and balance sheet items as a percentage of net worth.
• D) Both income statement and balance sheet items are expressed as a percentage of net worth.

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Definitions:

Economically Viable

The ability of a project or business to generate a profit or sufficient benefits to cover its expenses and provide a return on investment.

Barrel Of Oil

A standard measure of crude oil and petroleum products equivalent to 42 U.S. gallons.

U.S. Electricity Generation

U.S. Electricity Generation denotes the process and methods used in the United States to produce electricity, including coal, natural gas, nuclear, and renewable energy sources.

Energy Information Administration

A U.S. Government agency responsible for collecting, analyzing, and disseminating energy information to promote sound policymaking, efficient markets, and public understanding of energy and its interaction with the economy and the environment.