On a common-size balance sheet, notes payable is shown as a percentage of a.Total assets. b.Current...
On a common-size balance sheet, notes payable is shown as a percentage of
a.Total assets.
b.Current liabilities
c.Total stockholders’ equity.
d. Total liabilities.
Homework Answers
Answer
D. Total liabilities
Explanation
In case of common size balance sheet, each asset is shown as percentage of total assets and each is shown as percentage of total liabilities.
So note payable will be shown as percentage of total liabilities.
Add Answer to:
On a common-size balance sheet, notes payable is shown as a
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