Compute the amount and percentage changes for the following balance sheets, and comment on the changes from

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Compute the amount and percentage changes for the following balance sheets, and comment on the changes from 20x8 to 20x9. (Round the percentage changes to one decimal place.)
Davis Company
Comparative Balance Sheets
December 31, 20x9 and 20x8

Liabilities and Stockholders' Equity

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Principles of Accounting

ISBN: 978-0618736614

10th edition

Authors: Belverd Needles, Marian Powers, Susan Crosson

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Question Posted: Aug 01, 2016 01:09 PM

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Compute the amount and percentage changes for the following balance sheets, and comment on the changes from

Question:

20x9 20x8 Assets Current assets Property, plant, and equipment (net) Total assets $ 18,600 12,800 97,200 $128,064 $110,000 109,464 Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity S 11,200 3,200 35,000 40,00 81,864 60,600 $110,000 $128,064

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Horizontal Analysis The horizontal analysis of a companys financial statements facilitates investors ...View the full answer

Principles of Accounting

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