On a common-size balance sheet, notes payable is shown as a percentage of
A)total liabilities.
B)current liabilities.
C)total assets.
D)total stockholders' equity.

Question

Quizplus · Accepted Answer

On a common-size balance sheet, all items are expressed as a percentage of total assets, including notes payable. This allows for easier comparison across companies or periods.

On a Common-Size Balance Sheet, Notes Payable Is Shown as a Percentage