Compute the amount and percentage changes for the following balance sheets for Davis Company, and comment on
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Compute the amount and percentage changes for the following balance sheets for Davis Company, and comment on the changes from 2009 to 2010. (Round the percentage changes to one decimal place.)
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Davis Company Comparative Balance Sheets December 31, 2010 and 2009 2010 2009 Assets $ 18,600 $ 12,800 97,200 $110,000 Current assets Property, plant, and equipment (net) Total assets 109,464 $128,064 Liabilities and Stockholders' Equity $ 11,200 35,000 81,864 Total liabilities and stockholders' equity $128,064 $ 3,200 40,000 66,800 $110,000 Current liabilities Long-term liabilities Stockholders' equity
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1439037805
9th edition
Authors: Belverd E. Needles, Marian Powers, Susan V. Crosson
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