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-BARSIC- [3]
3 years ago
10

The term "spreading the financial statements" refers to __________

Business
1 answer:
wolverine [178]3 years ago
5 0

Answer:

The correct answer is letter "B": creating common-size financial statements.

Explanation:

In financial accounting, the phrase <em>"spreading the financial statements"</em> equals recording the common-size financial statement. By this, information is displayed in the Balance Sheet as a percentage of a common base figure. The common-size statement typically uses total sales revenue as the common base.

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