When Using Vertical Analysis,we Express Income Statement Accounts as a Percentage

question 132

Multiple Choice

When using vertical analysis,we express income statement accounts as a percentage of

• A)Net income.
• B)Gross profit.
• C)Sales.

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Definitions:

Batholith

A large mass of intrusive igneous rock, commonly granite, that has solidified deep within the earth's crust.

Granite

Granite is a coarse-grained igneous rock composed mainly of quartz, feldspar, and mica, widely used in construction due to its durability.

Volcanic Neck

A vertical column of volcanic rock, formed by magma solidifying in the vent of an inactive volcano.

Igneous Feature

A geological structure formed from hardened lava or magma, such as a volcano or granite intrusion.