What base amount is usually assigned a 100% value in a vertical analysis of (a) The balance

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What base amount is usually assigned a 100% value in a vertical analysis of 

(a) The balance sheet 

(b) The income statement?

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Accounting Principles Volume 2

ISBN: 9781119786634

9th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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