Common-size Income Statement is the vertical analysis of Income Statement.

True

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False

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Solution

The correct option is A True
True. Common-size Income statement is the vertical analysis of Income Statement. A vertical analysis is shows all items as percentages and not in absolute figures which provides better comparison. Each line item is expressed as a percentage figure of the base figure within the statement.

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Common-size income statement will report the revenue and expense amounts as percentages of ___

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