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Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372 Exercise 24
Analyzing Financial Statements Using Horizontal Analyses
The comparative financial statements prepared at December 31, 2013, for Pinnacle Plus showed the following summarized data:
Required:
1. Complete the two final columns shown beside each item in Pinnacle Plus's comparative financial statements. Round the percentages to one decimal place.
2. Which account increased by the largest dollar amount Which account increased by the largest percentage
The comparative financial statements prepared at December 31, 2013, for Pinnacle Plus showed the following summarized data:
Required:
1. Complete the two final columns shown beside each item in Pinnacle Plus's comparative financial statements. Round the percentages to one decimal place.
2. Which account increased by the largest dollar amount Which account increased by the largest percentage
Explanation
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Verified
Horizontal analyses compare individual f...
Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
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