In some financial statements, most of the financial items on the statements are expressed as percentages of a selected base item. These percentages for two or more sequentialperiods are presented on:
A) Constant dollar statements.
B) Common-size comparative statements.
C) All comparative statements.
D) Current cost statements.
E) Conventional financial statements.

Question

Quizplus · Accepted Answer

Common-size comparative statements express financial items as percentages of a base item, allowing for easy comparison across periods.

In Some Financial Statements, Most of the Financial Items on the Statements