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    Cornerstones of Financial Accounting Study Set 3
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    Exam 12: Financial Statement Analysis
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    In a Common Size Income Statement to Be Used in Vertical
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In a Common Size Income Statement to Be Used in Vertical

Question 210

Question 210

Multiple Choice

In a common size income statement to be used in vertical analysis, the 100% amount is


A) net income.
B) operating income.
C) gross profit.
D) net sales.

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