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    Financial Accounting Study Set 25
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    Exam 13: Financial Statement Analysis
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    In Performing a Vertical Analysis, the Base for Prepaid Expenses
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In Performing a Vertical Analysis, the Base for Prepaid Expenses

Question 24

Question 24

Multiple Choice

In performing a vertical analysis, the base for prepaid expenses is


A) total current assets.
B) total assets.
C) total liabilities.
D) prepaid expenses in a previous year.

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