In a common-sized income statement,each item is shown as a percentage of
A)income from continuing operations
B)comprehensive income
C)net income
D)net sales

Question

Quizplus · Accepted Answer

In a common-sized income statement, each item is shown as a percentage of net sales. This allows for easy comparison of the relative size of expenses and revenues to the total revenue generated by the business.

In a Common-Sized Income Statement,each Item Is Shown as a Percentage