A _____ standardizes items on the income statement and balance sheet as a percentage of total sales and total assets, respectively.
A. tax reconciliation statement
B. statement of standardization
C. statement of cash flows
D. common-base year statement
E. common-size statement
Answer: E. common-size statement
You might also like to view...
Which of the following is a way in which a work team can be empowered?
A. By minimizing the team's interaction with other department or teams B. By keeping roles independent and separate from one another C. By charging the team with making decisions traditionally made by managers D. By narrowing the scope of work done by the team and its members E. By assigning management of work schedules to the manager
Firms can reduce potential problems associated with rehiring former employees by crediting them with the years of service they had accumulated before they left
Indicate whether this statement is true or false.