Which of the following statements is false?
A)When computing the component percentages for the income statement,net income is the base figure.
B)Time-series analysis examines a company's performance over time.
C)It is often useful to compare a company's performance with that of a competitor.
D)The North American Industry Classification System assigns industry codes based on business operations.

Question

Quizplus · Accepted Answer

When computing the component percentages for the income statement, revenue or net sales is usually used as the base figure, not net income.

Which of the Following Statements Is False