Refer to E20.3 and perform a horizontal analysis showing the change from Year 1 to Year 2.
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Year 2 Year 1 $ 60,000 142,500 195,000 352,500 $56,000 136,000 178,000 252,000 Cash Accounts receivable Inventory Property, plant, and equipment Total assets Accounts payable and accrued liabilities Long-term liabilities Shareholders equity Total liabilities and shareholders equity $160,000 $127,500 150,000 412,500 $750,000 462 U00
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Year 2 Year 1 Change Change Cash 60000 56000 4000 714 Accounts receivable 142500 136...View the full answer
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Related Book For
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
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