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The following is a summary of information presented on the financial statements of a company on December 31, 2025. Account 2025 $603,000 2024 $501,000 Net
The following is a summary of information presented on the financial statements of a company on December 31, 2025. Account 2025 $603,000 2024 $501,000 Net Sales Revenue Cost of Goods Sold 453,000 401,000 Gross Profit 150,000 100,000 Selling Expenses 56,000 51,000 Net Income Before Income Tax Expense 94,000 49,000 Income Tax Expense 37,000 18,000 Net Income $57,000 $31,000 With respect to net sales revenue, a horizontal analysis reveals A. a 239.51% decrease in net sales revenue B. a $52,000 increase in net sales revenue OC. a 20.36% increase in net sales revenue D. a decrease of $52,000 in net sales revenue
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