Questions Common size income statements make it easier to compare firms ____________.

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Marks 1
1 A) that use different inventory valuation methods (FIFO vs. LIFO)
2 B) in different industries
3 C) with different degree of leverage
4 D) of different sizes
5 E) none of the above
Questions Common size balance sheets make it easier to compare firms ____________.
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Marks 1
1 A) with different degree of leverage
2 B) of different sizes
3 C) in different industries
4 D) that use different inventory valuation methods (FIFO vs. LIFO)
5 E) none of the above
Questions If a firm has "goodwill" recorded on its balance sheet it must have ____________.
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Marks 1
1 A) donated to charity
2 B) participated in a benefit for a charitable cause
3 C) participated in a company-wide fund raising drive for a charity
4 D) acquired another firm
5 E) none of the above