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Which of the following statements is false? When computing the component percentages for the income statement, net income is the base figure. Time series analysis

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Which of the following statements is false? When computing the component percentages for the income statement, net income is the base figure. Time series analysis examines a company's performance overtime. It is often useful to compare a company's performance with that of a competitor. The North American Industry Classification System assigns industry codes based on business operations

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