TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 8) Sales revenue is used as the base for vertical analysis percentages on the income statement. 9) The formula used in vertical analysis of the balance sheet is: (each balance sheet line item/total liabilities) = vertical %. 10).
- 8) Sales revenue is used as the base for vertical analysis percentages
- Accounting