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At the end of Year 1, the income statement for the EconoLodge in White Haven, PA, showed net income at $50,000. At the end of
At the end of Year 1, the income statement for the EconoLodge in White Haven, PA, showed net
income at $50,000. At the end of Year 2, the income statement showed $100,000 in net income.
A horizontal analysis of the income statements would show the relative difference between the
two years as:
a. $50.000
b.$20,000
c. 100%
d. 50%
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Accounting Advanced
Authors: Claudia Bienias Gilbertson
9th Edition
0538447559, 9780538447553
