Loose Leaf for Financial Accounting: Information for Decisions
Loose Leaf for Financial Accounting: Information for Decisions
9th Edition
ISBN: 9781260158762
Author: John J Wild
Publisher: McGraw-Hill Education
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Chapter 13, Problem 6E
Summary Introduction

Concept Introduction:

Common size analysis is used to compare the % of each item of a financial statement taking one item as a basis. In case of a common size income statement, the net sales amount is taken as basis and % is calculated for each item in the income statement.

To prepare:the common size balance sheet.

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