Which of the Following Is NOT True of Common-Size Income

question 82

Multiple Choice

Which of the following is NOT true of common-size income statements?

• A) Each income statement item is standardized by dividing it by total assets.
• B) Income statement accounts are represented as percentages of net sales.
• C) Each income statement item is standardized by dividing it by net sales.
• D) Common-size income statements analysis is a specialized application of ratio analysis.

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