A financial statement that includes a percentage breakdown of each item is known as which of the following?
A) income statement
B) common-size financial statement
C) statement of retained earnings
D) statement of cash flows

Question

Quizplus · Accepted Answer

Common-size financial statements present all items as percentages of a common base figure rather than absolute numerical figures. This allows for easier comparison across periods or companies.

A Financial Statement That Includes a Percentage Breakdown of Each