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    Financial Accounting Study Set 10
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    Exam 13: Financial Statement Analysis
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    Which of the Following Is Typically Used as the Base
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Which of the Following Is Typically Used as the Base

Question 32

Question 32

Multiple Choice

Which of the following is typically used as the base in a vertical analysis of a balance sheet?


A) Total liabilities
B) Cash
C) Total assets
D) Gross sales

Correct Answer:

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