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Common-size vertical income statements show each expense item as a percent of total sales revenue...

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Accounting

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Common-size vertical income statements show each expense item as a percent of total sales revenue O True QUESTION 14 False QUESTION 15 Trendresults are often useful in forecasting future results True O False QUESTION 16 Atrend index for several periods usually assigns the base period figure the value of 100 or 100% O True O False QUES TION 17 Comparative horizontal balance sheets show the: Change in individual account balances in dollars from one period to the next. O Change in indindual account balances in percentage terms from one period to the next. O Change in individual account balances in both dollar and percentage terms from one period to the next. O Various assets, liability, and owners' equity account balances as a percentage of total sales revenue. QUESTION 18 Common-size vertical income statements Express total sales revenue as 100% and show all other items as a percentage of that. Showgross profit as 100% and express all other items as a percentage of that. O show net income as 100% and express all other items as a percentage of that Click Save and Submit to save and submit. Click Save All Answers to save all answers

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