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CP13-1 (Algo) Analyzing Comparative Financial Statements Using Horizontal Analyses [LO 13-2, LO 13-5] Golden Corporation declared and paid $3,600 of cash dividends during the current
CP13-1 (Algo) Analyzing Comparative Financial Statements Using Horizontal Analyses [LO 13-2, LO 13-5] Golden Corporation declared and paid $3,600 of cash dividends during the current year ended December 31 . Its financial statements also reported the following summarized data: Required: 1. Complete the horizontal analyses for each item in Golden Corporation's comparative financial statements. TIP: Calculate the increase (decrease) by subtracting the previous year from the current year. Calculate the percentage by dividing the amount of increase (decrease) by the previous-year balance. (Decreases should be indicated by a minus sign. Round percentage values to 1 decimal place.) 2-a. Use the horizontal (trend) analyses to identify the accounts where a large percentage change is accompanied by a small dollar change. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) 2-b. Use the horizontal (trend) analyses to identify the accounts where a directional change in one account balance is inconsistent with the directional change in a related account balance. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) Complete this question by entering your answers in the tabs below. Complete the horizontal analyses for each item in Golden Corporation's comparative financial statements. TIP: Calculate the increase (decrease) by subtracting the previous year from the current year. Calculate the percentage by dividing the amount of increase (decrease) by the previous-year balance. (Decreases should be indicated by a minus sign. Round percentage values to 1 decimal place.) Complete the horizontal analyses for each item in Golden Corporation's comparative financial statements. TIP: Calculate the ncrease (decrease) by subtracting the previous year from the current year. Calculate the percentage by dividing the amount f increase (decrease) by the previous-year balance. (Decreases should be indicated by a minus sign. Round bercentage values to 1 decimal place.)
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