A _____________ standardizes items on the statement of comprehensive income and statement of ﬁnancial position as a percentage of total sales and total assets, respectively.
A) Tax reconciliation statement.
B) statement of standardization
C) statement of changes in ﬁnancial position
D) Common-base year statement.
E) Common-size statement.

Question

Quizplus · Accepted Answer

A common-size statement standardizes items on the statement of comprehensive income and statement of financial position as a percentage of total sales and total assets, respectively.

A _____________ Standardizes Items on the Statement of Comprehensive Income