Prepare a horizontal analysis by computing the amounts and percentage

Prepare a horizontal analysis by computing the amounts and percentage changes for the following balance sheet items; place your answers in the blanks provided.
20x6 20x5 Amount Percentage Assets $ 5,000 $6,500 Current assets Property, plant, and equipment 22,000 25,000 $28,500 $3
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...

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