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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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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