Retained earnings for the "base year" equals 100.0 percent. You must be looking at
A.) a common-size balance sheet.
B.) a common-size income statement.
C.) an indexed balance sheet.
D.) an indexed income statement.
Answer: C
Retained earnings for the "base year" equals 100.0 percent. You must be looking at
A.) a common-size balance sheet.
B.) a common-size income statement.
C.) an indexed balance sheet.
D.) an indexed income statement.