……………….are the statements, in which figures reported are converted into percentages to some common base.
A)comparative statements
B)common size statements
C)both of these
D)none

Question

Quizplus · Accepted Answer

Common size statements are financial statements in which all line items are expressed as a percentage of a common base figure. This allows for easier comparison across periods or companies.

………………Are the Statements, in Which Figures Reported Are Converted into Percentages