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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.
