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  • Accounting Fall Semester Online Test
  • The percentage relationship between a financial statement...
Multiple choice

The percentage relationship between a financial statement item and the total.

  1. component percentage

  2. adjustment

  3. change

  4. endorsement

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A Correct answer
Explanation

A component percentage shows the relationship between a specific item on a financial statement and a total, such as net sales, expressed as a percentage.

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