In some financial statements,most of the financial items on the statements are expressed as percentages of a selected base item.These percentages for two or more sequential periods are presented on
A)Conventional financial statements
B)All comparative statements
C)Current cost statements
D)Constant dollar statements
E)Common-size comparative statements

Question

Quizplus · Accepted Answer

Common-size comparative statements express each financial item as a percentage of a selected base item, allowing for easy comparison between different periods. This type of statement is commonly used for financial analysis and is a type of comparative statement. Therefore, option E is the best choice.

In Some Financial Statements,most of the Financial Items on the Statements