In a common-size analysis, the auditor compares account balances with a single line item. In a balancesheet, this line item is generallycurrent assets.O total equity.O total liabilities.O total assets.

The common size analysis is the vertical analysis of the financial statements.

Answered: sheet, this line item is generally…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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sheet, this line item is generally current assets. O total equity. O total liabilities. O total assets.