Current Attempt in Comparative information taken from the Crane Company financial statements is shown below: Using...
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Current Attempt in Comparative information taken from the Crane Company financial statements is shown below: Using horizontal analysis, show the percentage change from 2020 to 2021 with 2020 as the base year. (a) Accounts receivable (b) Retained earnings. (c) Sales revenue (d) Operating expenses (e) Income taxes payable 2021 $223,040 54,000 905,580 193,440 38,420 2020 $164,000 (38,000) 774,000 248,000 34,000 Percentage % % % % % Increase or Decrease A> Current Attempt in Comparative information taken from the Crane Company financial statements is shown below: Using horizontal analysis, show the percentage change from 2020 to 2021 with 2020 as the base year. (a) Accounts receivable (b) Retained earnings. (c) Sales revenue (d) Operating expenses (e) Income taxes payable 2021 $223,040 54,000 905,580 193,440 38,420 2020 $164,000 (38,000) 774,000 248,000 34,000 Percentage % % % % % Increase or Decrease A>
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Related Book For
Fundamental Accounting Principles Volume 2
ISBN: 9781260881332
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
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