Which of the following is untrue?

Question

KollegeApply · Accepted Answer

Common size cash flow statement Explanation: Common size statements are typically prepared for balance sheet and statement of profit & loss by expressing items as a percentage of total assets or total revenue respectively. Common size cash flow statements are not standard because cash flow items do not have a meaningful common base for comparison like total assets or sales revenue. Hence, common size cash flow statement is not generally prepared.

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