A common-size statement reports the same percentages that appear in a ________.
A) horizontal analysis
B) financial statement
C) vertical analysis
D) cost statement

Question

Quizplus · Accepted Answer

Vertical analysis involves expressing each item on the financial statement as a percentage of a base amount. Likewise, a common-size statement also reports the same percentages as a vertical analysis. Therefore, option C is the correct choice.

A Common-Size Statement Reports the Same Percentages That Appear in a ________