Question
Summary financial information for Blossom Company is as follows. Current assets Plant assets Total assets Current assets Plant assets Dec. 31, 2025 Dec. 31,
Summary financial information for Blossom Company is as follows. Current assets Plant assets Total assets Current assets Plant assets Dec. 31, 2025 Dec. 31, 2024 Total assets $200,000 1,200,000 $1,400,000 $ Compute the amount and percentage changes in 2025 using horizontal analysis, assuming 2024 is the base year. (Enter negative amounts using either a negative sign preceding the number (e.g., -45, -20%) or parentheses (e.g., (45), (20%). Round percentages to one decimal place (e.g., 12.1%).) $ $250,000 800,000 Amount $1,050,000 Increase or (Decrease) in 2025 Percent % % %
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Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
5th edition
9780470418239, 470239808, 9780470239803, 470418230, 978-1118128169
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