[Answered] A expresses each item on the balance sheet as a percentage of total assets. What will be an ideal ...

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Author Question: A expresses each item on the balance sheet as a percentage of total assets. What will be an ideal ... (Read 84 times)

Melani1276

Hero Member
Posts: 516

on: Jul 6, 2018

A expresses each item on the balance sheet as a percentage of total assets.

What will be an ideal response?

Question 2

The entry to close expenses would involve (a)
a. debit to Income Summary
b. debit to drawing.
c. credit to net income.
d. debits to expense accounts.

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ricroger

Sr. Member
Posts: 352

Reply #1 on: Jul 6, 2018

Answer to Question 1

common-size balance sheet

Answer to Question 2

a

Melani1276

Member
Posts: 516

Reply 2 on: Jul 6, 2018

TYSM

blakcmamba

Member
Posts: 335

Reply 3 on: Yesterday

Great answer, keep it coming

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