A __________ standardizes items on the statement of comprehensive income and statement of financial position relative to a point in time.
A) Statement of standardization.
B) Statement of changes in financial position.
C) Common-base year statement.
D) Common-size statement.
E) Tax reconciliation statement.

Question

Quizplus · Accepted Answer

A common-base year statement standardizes items on the statement of comprehensive income and statement of financial position relative to a point in time.

A __________ Standardizes Items on the Statement of Comprehensive Income