Question: Common-sized balance sheets can be prepared by expressing each balance sheet item as a percentage of total assets because a. assets are listed first on

Common-sized balance sheets can be prepared by expressing each balance sheet item as a percentage of total assets because 


a. assets are listed first on the balance sheet. 


b. assets do not change over various accounting periods. 


c. total assets equal total liabilities plus total stockholders' equity. 


d. assets are the balance sheet item that can be used

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