In which comparative financial statements is each amount expressed as a percentage of a base amount?
A)Asset comparative statements
B)Percentage comparative statements
C)Common-size comparative statements
D)Sales comparative statements
E)General-purpose financial statements

Question

Quizplus · Accepted Answer

Common-size comparative statements express each amount as a percentage of a base amount, typically either total assets or total sales. The other choices (A, B, D, E) do not specifically involve expressing amounts as a percentage of a base amount.

In Which Comparative Financial Statements Is Each Amount Expressed as a Percentage