Question
Comparative information taken from the Carla Vista Company financial statements is shown below: Using horizontal analysis, show the percentage change from 2020 to 2021 with
Comparative information taken from the Carla Vista Company financial statements is shown below: Using horizontal analysis, show the percentage change from 2020 to 2021 with 2020 as the base year.
| 2021 | 2020 | Percentage | Increase or Decrease | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| (a) | Accounts receivable | $193,700 | $149,000 | enter percentages | % | select an effect IncreaseDecreaseNo effect | ||||
| (b) | Retained earnings | 39,000 | (23,000) | enter percentages | % | select an effect IncreaseDecreaseNo effect | ||||
| (c) | Sales revenue | 872,850 | 759,000 | enter percentages | % | select an effect IncreaseDecreaseNo effect | ||||
| (d) | Operating expenses | 178,760 | 218,000 | enter percentages | % | select an effect IncreaseDecreaseNo effect | ||||
| (e) | Income taxes payable | 21,090 | 19,000 | enter percentages | % | select an effect IncreaseDecreaseNo effect |
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Bucks The Next Step Advanced Medical Coding And Auditing
Authors: Elsevier
1st Edition
0323874118, 978-0323874113
