I: Common-size analysis all accounts are presented as percentage of total liabilities in Balance sheet II: Vertical analysis all accounts are presented as percentage of net sales in Income statement. Both I and II are false B Only II is true (c) Only I is true

I: Common-size analysis all accounts are presented as percentage of total liabilities in Balance sheet II: Vertical analysis all accounts are presented as percentage of net sales in Income statement. Both I and II are false B Only II is true (c) Only I is true

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 4PB: Identify the financial statement on which each of the following account categories would appear: the...

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Question

I: Common-size analysis all accounts are presented as percentage of total liabilities in Balance sheet
II: Vertical analysis all accounts are presented as percentage of net sales in Income statement.
A
Both I and II are false
В
Only Il is true
C) Only I is true
Both I and II are true

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