Statements in which all items are expressed only in relative terms (percentages of a common base)are
A)horizontal statements.
B)percentage statements.
C)vertical statements.
D)common-size statements.

Question

Quizplus · Accepted Answer

Common-size statements express all items as percentages of a common base, allowing for easy comparison between different items. Vertical statements show the relationship between items in a single period, while horizontal statements show the relationship between items over multiple periods. Percentage statements simply express items as percentages, without necessarily using a common base.

Statements in Which All Items Are Expressed Only in Relative