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Analysing Common Size Profit and Loss

The common si...

Question

The common size income statement considers the revenue from operations as base. The percentage allocation for the base is

A

75

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B

50

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C

10

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D

100

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Solution

The correct option is D 100
The common size income statement considers the revenue from operations as base. The percentage allocation for the base is 100.

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Q. Common-size Income Statement is that statement in which amount of Revenue from Operations is taken as 100 and all other amounts are expressed as percentage thereof.

Q. Common-size income statement will report the revenue and expense amounts as percentages of revenue from .

Q. Choosing a common base (as 100), for example, sales revenue total may be taken as base (100) in case of income statement, and total assets or total liabilities (100) in case of balance sheet, is step ____ in the procedure adopted for preparing common size income statements.

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

The common size income statement defines all items as a percentage of ___

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