Question

22. In common size income statement the
basis is
a) Total cost
O b) Net Profit
Ο Ο Ο Ο
c) Gross profit
d) Sales​

Answer 1

Answer:

A common size income statement is an income statement in which each line item is expressed as a percentage of the value of revenue or sales. It is used for vertical analysis, in which each line item in a financial statement is represented as a percentage of a base figure within the statement.