Which of the following statements are true?A) Common-size balance sheet shows relative value of the various items.B) In the common size income statement, each product is represented as a percentage of the net sales figure.C) Common size income statements represent the various elements as a percentage of the gross profit.

Which of the following statements are true?A) Common-size balance shee

1.	Which of the following statements are true?A) Common-size balance sheet shows relative value of the various items.B) In the common size income statement, each product is represented as a percentage of the net sales figure.C) Common size income statements represent the various elements as a percentage of the gross profit.
A.	Both A and B
B.	Both A and C
C.	Both B and C
D.	A, B, C
Answer» B. Both A and C

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