The items on the income statement are expressed in dollars but the corresponding margins are expressed as:
A)incomes.
B)expenses.
C)profits.
D)percentages.

Question

Quizplus · Accepted Answer

The margins on the income statement are expressed as percentages, not in dollars. This allows for easier comparison between different periods or between different companies, regardless of their size or revenue.

The Items on the Income Statement Are Expressed in Dollars