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ryzh [129]
2 years ago
8

Comparative financial statements in which each individual financial statement amount is expressed as a percentage of a base amou

nt are called?
Business
1 answer:
Marianna [84]2 years ago
5 0

Comparative financial statements in which each financial statement amount is expressed as a percentage of a base amount are called Common-size comparative statements.

<h3>What is a comparative financial statement?</h3>

A comparative statement is a record used to compare a particular financial statement with previous period statements. Previous financials are shown alongside the latest figures in side-by-side columns, allowing investors to identify trends, track a company's progress and approximate it with industry rivals.

<h3>What is a comparative statement also known as?</h3>

Comparative statements are the form of horizontal analysis. A common size statement shows the profitability and financial position of a firm for different periods in a comparative form to give an idea about the position of two or more periods.

To learn more about Comparative financial statements visit the link

brainly.com/question/14186894

#SPJ4

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Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2
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Answer:

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Explanation:

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