Summary financial information for Gandaulf Company is as follows. Compute the amount and percentage changes in 2022
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Summary financial information for Gandaulf Company is as follows.
Compute the amount and percentage changes in 2022 using horizontal analysis, assuming 2021 is the base year.
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Dec. 31, 2022 Dec. 31, 2021 Current assets $ 200,000 $ 220,000 Plant assets 780,000 $1,000,000 1,040,000 Total assets $1,240,000
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