On a common size income statement, all items are shown as:
A) percentages of net income.
B) percentages of gross revenue.
C) percentages of gross profit.
D) percentages of total assets.

Question

Quizplus · Accepted Answer

On a common size income statement, all items are expressed as percentages of gross revenue, allowing for easier comparison across time periods and companies by standardizing the size of the figures.

On a Common Size Income Statement, All Items Are Shown