Question
At the end of Year 1, the balance sheet for the Rich Food Restaurant showed cash at $20,000. At the end of Year 2, the
At the end of Year 1, the balance sheet for the Rich Food Restaurant showed cash at $20,000. At the end of Year 2, the balance sheet showed $40,000 in cash. A horizontal analysis of the balance sheets
would show the absolute difference between the two years as:
| a. | $20,000. |
| b. | $60,000. |
| c. | 100%. |
| d. | 50%. |
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Property Companies An Industry Accounting And Auditing Guide
Authors: Accountancy Books
1st Edition
1853558079, 978-1853558078
