A common-size statement of comprehensive income is defined as a financial statement wherein all items are expressed as a percentage of:
A) Their prior year's value.
B) Their projected value.
C) Their 5-year average value.
D) Total assets.
E) Sales.

Question

Quizplus · Accepted Answer

A common-size statement of comprehensive income expresses all items as a percentage of sales, allowing for easier comparison across periods and companies by standardizing the figures.

A Common-Size Statement of Comprehensive Income Is Defined as a Financial