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Which of the followings is incorrect? Question 1 5 options: All items in the common - size balance sheet are expressed as a percentage of
Which of the followings is incorrect?
Question options:
All items in the commonsize balance sheet are expressed as a percentage of total assets
There is generally a bigger difference between the book value and the market value of fixed assets as compared to cash
Based on generally accepted accounting principles, assets are recorded on the balance sheet at their current market value
Assets can be either tangible or intangible
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