Question: A common size income statement would typically be prepared by dividing: A.all items on income statement in Year t by net income in Year t-1.

A common size income statement would typically be prepared by dividing:

A.all items on income statement in Year t by net income in Year t-1.

B.all items on income statement in Year t by their corresponding balance sheet accounts in Year t.

C.all items on income statement in Year t by their corresponding value in Year t-1.

D.all items on income statement in Year t by sales in Year t.

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