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In performing a vertical analysis, the base for sales revenues on the income statement is
In performing a vertical analysis, the base for sales revenues on the income statement is net sales.
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Asked 2/11/2013 5:46:36 PM
Updated 277 days ago|11/26/2015 5:42:50 PM
1 Answer/Comment
Flagged by emdjay23 [11/26/2015 12:59:42 PM], Edited by Andrew. [11/26/2015 5:42:49 PM], Unflagged by Andrew. [11/26/2015 5:42:50 PM]
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In performing a vertical analysis, the base for sales revenues on the income statement is net sales.
Added 277 days ago|11/26/2015 12:59:43 PM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by Andrew. [11/26/2015 5:42:42 PM]
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When stock is issued for legal services, the transaction is recorded by debiting Organization Expense for the Fair Market Value.
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