Summary financial information for Gandaulf Company is as follows. Compute the amount and percentage changes in 2017

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Summary financial information for Gandaulf Company is as follows.

Compute the amount and percentage changes in 2017 using horizontal analysis, assuming 2016 is the base year.

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Accounting Tools for Business Decision Making

ISBN: 978-1118096895

6th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Aug 24, 2016 02:06 AM

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Summary financial information for Gandaulf Company is as follows. Compute the amount and percentage changes in 2017

Question:

Dec. 31, 2017 Dec. 31, 2016 Current assets Plant assets Total assets 200,000 1,040,000 220,000 780,000 $1,240,000 $1,000,000

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