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Business, 06.03.2020 06:18 aubrey1161

Which of the following is NOT true of common-size balance sheets? Each asset and liability item on the balance sheet is standardized by dividing it by sales. Balance sheet accounts are represented as percentages of total assets. Common-size balance sheets allow us to make meaningful comparisons between the balance sheets of two firms that are different in size. Each asset and liability item on the balance sheet is standardized by dividing it by total assets.

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Which of the following is NOT true of common-size balance sheets? Each asset and liability item on t...
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