What is a common-size balance sheet? (a) A statement that expresses each account on the balance sheet

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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 is common to an industry.
(c) A statement that expresses each account on the balance sheet as a percentage of total assets.
(d) A statement that expresses each asset account on the balance sheet as a percentage of total assets and each liability account on the balance sheet as a percentage of total liabilities.

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