On a common-size balance sheet, income taxes payable is expressed as a percentage of:
A) Current liabilities.
B) Stockholders' equity.
C) Total assets.
D) Total liabilities.

Name: On a common-size balance sheet, income taxes payable is expressed as a percentage of: A) Current liabilities. B) Stockholders' equity. C) Total assets. D) Total liabilities.
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Question

Quizplus · Accepted Answer

On a common-size balance sheet, all items are expressed as a percentage of total assets.

On a Common-Size Balance Sheet, Income Taxes Payable Is Expressed