Question
The comparative temporary investments and inventory balances of a company follow. Current Year Previous Year Temporary investments $44,000 $40,000 Inventory 57,000 60,000 Based on this
The comparative temporary investments and inventory balances of a company follow.
| Current Year | Previous Year | |
| Temporary investments | $44,000 | $40,000 |
| Inventory | 57,000 | 60,000 |
Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis?
| Change in Amount | Increase/Decrease | Percentage | |
| Temporary investments | $ | % | |
| Inventory | $ | % |
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People Centric Skills Interpersonal And Communication Skills For Auditors And Business Professionals
Authors: Goldberg
1st Edition
1118850815, 978-1118850817
