ED Page view A Read aloud V Draw Highlight 4271 Der One 27. MC.02.170 All of the following waterents regarding a horizontal analysis are true exceet 2. When two statements are compared in horizontal analysis, the earter as the base for computing the amount and the percent of change. 1. I Fees Eamed in Year I is $125,000 and Fees Earned in Year 2 is 5 analyses will indicate a 15% increase over this period O c. A horizontal analysis can be performed on a bolonce sheet and incom not on a statement of cash flows. d. A horizontal analysis is used to compare an item in a current stateme item in prior statements. Some 3. Eovipment 2,250 Cash 2.250 bi Equipment 8.500 Accounts Payable Cash o 6,250 O Equipment Expense 8,500 Accounts Payable 2.250 Cash d. Cash 2,250 Accounts Payable 6,250 Equipment 8.500 28. MC.02.74 Which of the following accounts a stockholders equity account? 32. MC 02.126 The process of recording transaction in the listed OOOO 3. Accounts Payable EC Common Stock d. Prepaid insurance a. baron D. Journaling posting d. waring 29. MC.02.79 which side of the account increases the cash account? debet b. neither a de nor a credit other debitor acred biedt 33. EX.02.226 Pretrace listing the following accounts on the normal ances) were taken from the edge of Sophie Design Con April 30, faun box does not require an entry leave it on 30, MC02.92 the streguity will be reduced by all of the following excent $12.500 14,000 expenses bd vidends cenes of these ACS Payable Account Receivable Cash Como Stock Dividends Equipment Miscellaneous pense 14,100 Rent 3,450 Salary 6.700 Fees Earned 17,809 Supplies 7.50W Supplies Diense 14,500 tis pene 3,125 1,700 4,000 31. MC.02.124 Gently laser in che seguiment for 10,500 2,290 down with the be paidates. The correct entry w Sophie Designs Trial Balance AP 30 os * to search D Page view A Read aloud V Draw Highlight 30 MCO2 AP Accountable Can Com 14100 3.450 W 6.700 Fred 17,00 Sepe 7.00 Super 14,500 850 1,500 14.00 45.42 3,125 40 ww 31. MCH:34 Get It Do 14.00 1,250 red. The committe Design Trial 4.00 SC.02. wowote As wel Account Lowe 30 Bart 20 Cash 1200 W 1. LO Divide 1.200 cm or's 00 1.100 17.100 4 MCAT THODA MC.2. HD Accm ad W 14 1. 100 ON 37. MC.02.17 . OOO OVER ca