On a common size income statement for the year, what is the percentage that would be shown for Sales Revenue?
A) 100%
B) 14%
C) 60%
D) 13%

Name: On a common size income statement for the year, what is the percentage that would be shown for Sales Revenue? A) 100% B) 14% C) 60% D) 13%
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Quizplus · Accepted Answer

Sales revenue is typically the top or first line item on a common size income statement, and is always listed as 100% to serve as a benchmark for other expenses and income categories as a percentage of total sales revenue.

On a Common Size Income Statement for the Year, What