Question: A common size income statement: Multiple Choice a)expresses items as a percentage of net sales. b)makes comparisons between years more difficult. c)is useful in estimating

A common size income statement:

Multiple Choice

a)expresses items as a percentage of net sales.

b)makes comparisons between years more difficult.

c)is useful in estimating the impact of inflation.

d)uses the same dollar amount of net sales for each year.

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