Multiple Choice
Max's Tire Center Company
Selected data from the financial statements of Max's Tire Center are provided below.
-Refer to the selected data provided for Max's Tire Center. Which of the following would result from a horizontal analysis of Max's income statement?
A) Depreciation expense increased by $3,000 or 6.67% during 2012.
B) Depreciation expense increased by $3,000 or 7.14% during 2012.
C) Net sales is $370,000 in 2012.
D) The total assets is $500,000 in 2012.
Correct Answer:
Verified
Correct Answer:
Verified
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