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

Sales

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Profit

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Expenses

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None of these

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Solution

The correct option is A
Sales

The common size income statement defines all items as a percentage of revenue from operations.

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The total of column of percentage of all the items in common size income statement comes out to ___

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

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