Connect Access Card For Financial Accounting Fundamentals
Connect Access Card For Financial Accounting Fundamentals
7th Edition
ISBN: 9781260482829
Author: John J Wild
Publisher: McGraw-Hill Education
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Chapter 13, Problem 3DQ
To determine

Determine the items that are usually assigned 100% value on:

  1. (a) Common-size balance sheet
  2. (b) Common-size income statement

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Cool Water's complete assets and liabilities are Accounts Equipment ($11,100), Payable ($4,900), Supplies ($525), Receivable ($920), Accounts Prepaid Rent ($2,000), Bank Loan ($2,000), and Tools ($300). Cool Water's total liabilities are
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