In a common size balance sheet,each item on the balance sheet is expressed as a percentage of:
A)total assets.
B)total liabilities.
C)net income.
D)total stockholders' equity.

Question

Quizplus · Accepted Answer

In a common size balance sheet,each asset appears as a percent of total assets,and each liability or stockholders' equity item appears as a percent of total liabilities and stockholders' equity.(Note that total assets equals total liabilities and stockholders' equity. )

In a Common Size Balance Sheet,each Item on the Balance