Statements in which all items are expressed only in relative terms (percentages of a base)are termed:
A)vertical Statements.
B)horizontal Statements.
C)funds Statements.
D)common-Size Statements.
E)None of the answers are correct.

Question

Quizplus · Accepted Answer

Common-Size Statements express all line items as a percentage of a common base, typically total assets for the balance sheet and total revenue for the income statement. This allows for easier comparison across companies of different sizes and industries.

Statements in Which All Items Are Expressed Only in Relative