Common-size financial statements
Common-size financial statements present all balance sheet account values as a percentage of:
A. the forecasted budget.
B. sales.
C. total equity.
D. total assets.
E. last year's account value.
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The noncurrent liability, nonvoterolling interest in subsidiaries, arises if: a) A firm owns more than 50%, but less than 100%, of another entity. b) Noncontrolling interest in subsidiaries is accounted for as an equity item.
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