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What Is A Common Size Income Statement?

Answer»

Common size income STATEMENT is an income statement in which each account is EXPRESSED as a percentage of the value of sales. This TYPE of financial statement can be used to allow for easy analysis between companies or between time PERIODS of a company.

Common size income statement is an income statement in which each account is expressed as a percentage of the value of sales. This type of financial statement can be used to allow for easy analysis between companies or between time periods of a company.



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