Essay
Assume you have prepared a horizontal analysis of your company's balance sheet and income statement and have found some account balances you believe need to be investigated.What would be a cause of each of the following changes in account balances?
a.Decrease in accrued salaries
b.Sales increased by a greater percentage than cost of goods sold
c.Accounts receivable decreased
d.Significant drop in long-term debt
e.Decrease in retained earnings
Correct Answer:
Verified
Correct Answer:
Verified
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