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QUESTION

What is a common-size balance sheet?

What is a common-size balance sheet?

A.A statement that expresses each account on the balance sheet as a percentage of net income.

B.A statement that expresses each account on the balance sheet as a percentage of total assets.

C.A statement that is common to an industry.

D.A statement that expresses each asset account on the balance sheet as a percentage of total assets and each liability account as a percentage of total liabilities.

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