On a common-size balance sheet, notes receivable is shown as a percentage of
A)total liabilities.
B)current liabilities.
C)total stockholders' equity.
D)total assets.

Name: On a common-size balance sheet, notes receivable is shown as a percentage of A)total liabilities. B)current liabilities. C)total stockholders' equity. D)total assets.
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Question

Quizplus · Accepted Answer

Notes receivable is a component of assets, therefore it is shown as a percentage of total assets on a common-size balance sheet.

On a Common-Size Balance Sheet, Notes Receivable Is Shown as a Percentage