
Comparative Financial Statements:
It refers to the past details of same items of consecutive income statements or
Common Size Financial Statements: It refers to all the items of financial statements that are represented in a common basis. Balance sheets are commonly sized based on the expression that represents all items as percentage of its total assets or equities.
To identify: The difference between comparative financial statements and common-size comparative statement.

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Chapter 13 Solutions
Financial & Managerial Accounting: Information for Decisions w Access Card, 5th edition, ACC 211 & 212, Northern Virginia Community College
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