Comparative financial statements in which each individual financial statement amount is expressed as a percentage of a base amount are called:
A. Asset comparative statements.
B. Common-size comparative statements.
C. General-purpose financial statements.
D. Percentage comparative statements.
E. Sales comparative statements.
Answer: B
You might also like to view...
The normal balance of revenue is a(n) ____________________
Fill in the blank(s) with correct word
Mediation (Scenario)Carlos, the team leader, will be mediating a dispute between three team members who are arguing about overtime assignments. He recently learned about the technique of letting the parties involved in a dispute come up with a solution.In working with his employees, Carlos involves them in decision making and encourages them to participate in deciding their work methods and goals. Carlos's leadership style can best be described as ________.
A. autocratic B. laissez-faire C. democratic D. delegating
Speedy has net income of $22,955, and assets at the beginning of the year of $204,000. Assets at the end of the year total $250,000. Compute its return on assets.
A. 11.3%. B. 11.4%. C. 14.2%. D. 9.2%. E. 10.1%.
U.S. exporters may not necessarily benefit from weak-dollar periods if foreign competitors are willing to reduce their profit margins
a. True b. False