The managerial accountant at the Toy Factory presented the following information at a meeting: What type of statement did the managerial accountant present at the meeting?
A)Balance sheet
B)Statement of cash flows
C)Horizontal analysis
D)Common-size statement

Question

The managerial accountant at the Toy Factory presented the following information at a meeting:   What type of statement did the managerial accountant present at the meeting?
A)Balance sheet 
B)Statement of cash flows 
C)Horizontal analysis 
D)Common-size statement

Quizplus · Accepted Answer

The presentation of information in a "TB3059_00" format indicates that the statement presented was a common-size statement, which expresses each line item as a percentage of a chosen base amount.

The Managerial Accountant at the Toy Factory Presented the Following