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Common Size Profit and Loss

The total of ...

Question

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

A

75

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B

50

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C

100

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D

None of these

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Solution

The correct option is C
100

The total of column of percentage of all the items in common size income statement comes out to 100.

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Similar questions

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

Q. Which of the following statements are true?
a. Common size balance sheet shows relative value of the various items.
b. In the common size income statement, each product is represented as a percentage of the net sales figure.
c. Common size income statements represents the various element as a percentage of the gross profit.

Q. The total of the % column of assets side in the common size balance sheet comes out to .

The total of the % column of assets side in the common size balance sheet comes out to ___

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.

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