Sanborn Corporation's condensed comparative income statement for 2012 and 2011 appear below. The corporation's condensed comparative balance

Question:

Sanborn Corporation's condensed comparative income statement for 2012 and 2011 appear below. The corporation's condensed comparative balance sheets for 2012 and 2011 appear on the next page.


Sanborn Corporation's condensed comparative income statement for



Sanborn Corporation's condensed comparative income statement for


Required
1. Prepare Schedules showing the amount and percentage changes from 2011 to 2012 for the comparative income statements and the balance sheets.
2. Prepare common-size income statements and balance sheets for 2011 and 2012.
3. Comments on the results in requirements 1 and 2 by identifying favorable and unfavorable changes in the components and composition of the statements.

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Principles Of Financial Accounting

ISBN: 9780538755160

11th Edition

Authors: Belverd E Needles, Marian Powers

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