Comparative financial statements in which each amount is, Ask an Expert

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Comparative financial statements in which each amount is expressed as a percentage of a base amount and in which the base amount is expressed as 100%, are called:

a) Comparative statements

b) Common-size comparative statements

c) General-purpose financial statements

d) Base line statements

e) Index statements

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M946146

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