Uiuc aacy 200 exam 2 - Study guides, Class notes & Summaries

UIUC AACY 200 EXAM 2 ______________ standards allow inefficiencies from prior years to be incorporated into the budget, thus providing little incentive for improvement. - Past experience - Engineered - Ideal - Attainable ️Past experience A common size income statement: - makes comparisons between years more difficult. - uses the same dollar amount of revenues for each year. - is useful in estimating the impact of inflation. - expresses items as a percentage of revenues. ️expresses ite...