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    Business
  3. Study Set
    Century 21 Accounting
  4. Exam
    Exam 16: Financial Statements and Closing Entries
  5. Question
    On an Income Statement, Vertical Analysis Percentages Are Calculated by Dividing
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On an Income Statement, Vertical Analysis Percentages Are Calculated by Dividing

Question 13

Question 13

True/False

On an income statement, vertical analysis percentages are calculated by dividing the amount on each line by the amount of operating expenses.

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