Comparative data from the balance sheet of Dhaliwal Inc. are shown below. Instructions a. Perform a horizontal

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Comparative data from the balance sheet of Dhaliwal Inc. are shown below.

Instructions

a. Perform a horizontal percentage of base year analysis using 2022 as the base year.

b. Calculate the horizontal percentage change for each year.

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Accounting Principles Volume 2

ISBN: 9781119786634

9th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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Question Posted: Feb 01, 2023 01:33 AM

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Comparative data from the balance sheet of Dhaliwal Inc. are shown below. Instructions a. Perform a horizontal

Question:

Current assets Non-current assets Current liabilities Non-current liabilities Common shares Retained earnings 2024 $120,000 400,000 90,000 145,000 150,000 135,000 2023 $ 80,000 350,000 70,000 125,000 115,000 120,000 2022 $100,000 300,000 65,000 150,000 100,000 85,000

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a b Current assets Noncurrent assets Currentliabilitie...View the full answer

Accounting Principles Volume 2

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