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Comparative Financial Statements for Larson Company,prepared on December 31 Are

Question 53

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Comparative financial statements for Larson Company,prepared on December 31 are shown below: Comparative financial statements for Larson Company,prepared on December 31 are shown below: Required: Assume that one-third of sales are on credit and that cash dividends of $3,000 were declared and paid in 2012.Then,complete a percentage change income statement and a percentage change balance sheet for the company,using both amount and percentage changes from 2011 to 2012. Required:
Assume that one-third of sales are on credit and that cash dividends of $3,000 were declared and paid in 2012.Then,complete a percentage change income statement and a percentage change balance sheet for the company,using both amount and percentage changes from 2011 to 2012.

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