Question
Prepare a horizontal analysis of Fuller Companys income statements. For those boxes in which you must enter subtractive or negative numbers use a minus sign.
Prepare a horizontal analysis of Fuller Companys income statements. For those boxes in which you must enter subtractive or negative numbers use a minus sign. If required, round your answers to one decimal place.
| Fuller Company |
| Comparative Income Statement |
| For the Year Ended December 31 |
| 1 |
| 2016 | 2015 | Increase (Decrease) Amount | Increase (Decrease) Percent |
| 2 | Fees earned | $680,000.00 | $850,000.00 |
| |
| 3 | Operating expenses | 541,875.00 | 637,500.00 |
| |
| 4 | Net income | $138,125.00 | $212,500.00 |
|
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Audit Planning A Risk Based Approach
Authors: K. H. Spencer Pickett
1st Edition
047169052X, 978-0471690528
