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On a Common-Size Statement of ﬁNancial Position, All _____ Accounts

Question 283

Multiple Choice

On a common-size statement of ﬁnancial position, all _____ accounts are shown as a percentage of _____.

A) Income; total assets.
B) Liability; net income.
C) Asset; sales.
D) Liability; total assets.
E) Equity; sales.

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