Income statement data for Grendel Images Company for the years ended December 31, 2010 and 2009 are

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Income statement data for Grendel Images Company for the years ended December 31, 2010 and 2009 are as follows:

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(a) Prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for 2010 when compared with 2009. Round to one decimal place.(b) What conclusions can be drawn from the horizontalanalysis?

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Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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