A common-size statement reports only percentages that appear in a ________.
A)horizontal analysis report
B)financial statement
C)vertical analysis report
D)cost statement

Name: A common-size statement reports only percentages that appear in a ________. A)horizontal analysis report B)financial statement C)vertical analysis report D)cost statement
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Question

Quizplus · Accepted Answer

A common-size statement is a vertical analysis report that expresses each line item in the financial statement as a percentage of a base amount.

A Common-Size Statement Reports Only Percentages That Appear in a ________