The 2019, 2018, and 2017 income statements for Spinner Entertainment Inc. follow. Spinner Entertainment Inc. Consolidated Income
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The 2019, 2018, and 2017 income statements for Spinner Entertainment Inc. follow.
Spinner Entertainment Inc.
Consolidated Income Statements
Required:
1. Calculate how much each of the revenues and expenses changed from 2017 through 2019 using horizontal analysis (in percentage terms, rounded to two decimal places). Utilize 2017 as the base year for both 2018 and 2019. You do not need to include the actual dollar amounts shown above.
2. Discuss the primary causes of Spinner's increase in net income in 2018 and the decrease in 2019?
When talking about the group financial statements the consolidated financial statements include Consolidated Income Statement that a parent must prepare among other sets of consolidated financial statements. Consolidated Income statement that is...
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