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What is a common-size income statement? A.A statement that expresses each item on the income statement as a percentage of total assets. B.An income statement

What is a common-size income statement?

A.A statement that expresses each item on the income statement as a percentage of total assets.

B.An income statement that provides intermediate profit measures.

C.An income statement that groups all items of revenue together, then deducts all categories of expenses.

D.A statement that expresses each item on the income statement as a percentage of net sales or revenues.

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