On a common-sized balance sheet, 100% is
A) total property, plant, and equipment
B) total current assets
C) total liabilities
D) total assets

Name: On a common-sized balance sheet, 100% is A) total property, plant, and equipment B) total current assets C) total liabilities D) total assets
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Question

Quizplus · Accepted Answer

On a common-sized balance sheet, each item is expressed as a percentage of total assets. Therefore, 100% represents the total assets of the company.

On a Common-Sized Balance Sheet, 100% Is