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Case 2 Horizontal Analysis: ACCT 3140 Fraud Examination Sp21 The comparative condensed balance sheets of Bravo Corporation are presented below. Bravo Corporation Condensed Balance Sheets
Case 2 Horizontal Analysis: ACCT 3140 Fraud Examination Sp21 The comparative condensed balance sheets of Bravo Corporation are presented below. Bravo Corporation Condensed Balance Sheets December 31 2020 2019 Assets Current assets Property, plant, & equipment (net) Intangibles $ 76,000 99,000 25,000 $ 80,000 90,000 40,000 Total assets $200,000 $210,000 Liabilities & Stockholders' Equity Current liabilities $ 40,800 $ 48,000 Long-term liabilities 143,000 150,000 Stockholders' equity 16,200 12.000 Total liabilities & $200,000 $210,000 stockholders' equity Complete the horizontal analysis of the balance sheet data for Bravo Corporation using 2019 as a base. Bravo Corporation Condensed Balance Sheets December 31 2020 2019 Increase Percent
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