Question

Income statement data for Montana Images Company for the years ended December 31, 2012 and 2011, are as follows:


a. Prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for 2012 when compared with 2011. Round to one decimal place.
b. What conclusions can be drawn from the horizontalanalysis?


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  • CreatedFebruary 04, 2014
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