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    Fundamentals of Financial Accounting Study Set 4
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    Exam 13: Measuring and Evaluating Financial Performance
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    In a Common Size Income Statement,each Item on the Income
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In a Common Size Income Statement,each Item on the Income

Question 122

Question 122

Multiple Choice

In a common size income statement,each item on the income statement is expressed as a percentage of:


A) Net income.
B) Gross margin (gross profit) .
C) Total expenses.
D) Sales revenue.

Correct Answer:

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