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Identify the other name of Common Size Statement, which is one of the tools of analysis of financial statements.
Question

Identify the other name of Common Size Statement, which is one of the tools of analysis of financial statements.

A.

Comparative Statements

B.

Cash flow Analysis

C.

Component percentage statement

D.

Ratio Analysis

Correct option is C

The other name for the Common Size Statement, which is a tool for the analysis of financial statements, is the Component Percentage Statement. It presents each item in the financial statements as a percentage of a common base, facilitating comparison.

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