Summary financial information for Rapture Limited is as follows. ________________ December 31, 2017 _______December 31, 2016 Plant
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Summary financial information for Rapture Limited is as follows.
________________ December 31, 2017 _______December 31, 2016
Plant assets ................ £ 821,000 ............... £750,000
Current assets ............... 188,000 .................. 225,000
Total assets ................ £1,009,000 .............. £975,000
Compute the amount and percentage changes in 2017 using horizontal analysis, assuming 2016 is the base year?
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Related Book For
Financial Accounting
ISBN: 978-1118978085
IFRS 3rd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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