On common size income statements,each component in the income statement is represented as a percentage of:
A)Net income.
B)Net sales.
C)Total assets.
D)Profit.

Name: On common size income statements,each component in the income statement is represented as a percentage of: A)Net income. B)Net sales. C)Total assets. D)Profit.
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Question

Quizplus · Accepted Answer

On common size income statements, each component is represented as a percentage of net sales. This allows for easier comparison across companies or periods.

On Common Size Income Statements,each Component in the Income Statement