On a common-size balance sheet,all accounts are expressed as a percentage of:
A) sales.
B) profits.
C) equity.
D) total assets.
E) None of the above.

Name: On a common-size balance sheet,all accounts are expressed as a percentage of: A) sales. B) profits. C) equity. D) total assets. E) None of the above.
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Question

Quizplus · Accepted Answer

On a common-size balance sheet, all accounts are expressed as a percentage of total assets. This allows for easy comparison of different companies and their financial structures.

On a Common-Size Balance Sheet,all Accounts Are Expressed as a Percentage