Question
PA13-1 (Algo) Analyzing Financial Statements Using Horizontal Analyses [LO 13-2, 13-5] Pinnacle Plus declared and paid a cash dividend of $6,300 in the current year.
PA13-1 (Algo) Analyzing Financial Statements Using Horizontal Analyses [LO 13-2, 13-5]
Pinnacle Plus declared and paid a cash dividend of $6,300 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information:
Required:
1. Complete the two final columns shown beside each item in Pinnacle Plus's comparative financial statements. 2-a. Which account increased by the largest dollar amount? 2-b. Which account increased by the largest percentage?
- Req 1
- Req 2A
- Req 2B
Complete the two final columns shown beside each item in Pinnacle Plus's comparative financial statements. (Decreases should be indicated by a minus sign. Round percentage values to 1 decimal place.)
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