jahairacarrillo93 jahairacarrillo93

17-09-2022
Business

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common size statemnts are presented as percentages to promote comparisons between different size companies

Answer :

Tutorconsortium216 Tutorconsortium216

20-09-2022

This statement is True that common size statements are presented as percentages to promote comparisons between different size companies .

What are common size financial statements ?

Items are shown as a percentage of a common base amount, such as total sales revenue, in a financial statement of common size. This kind of financial statement makes it simple to compare one company to another or different time periods within the same company. However, any comparison could not be true if the organizations employ various accounting systems.

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