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When performing a vertical analysis (using common size financial statements) the following is true: Multiple Choice The balance of sales is the base amount used
When performing a vertical analysis (using common size financial statements) the following is true:
Multiple Choice
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The balance of sales is the base amount used for the balance sheet
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The balance of sales is the base amount used for the income statement.
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The balance of sales and expenses are both used as the base amount for the financial statements.
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None of the above
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