1. Compute for the missing amount indicated. Prepare a Horizontal Analysis (Static Analysis) of the Statement...

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1. Compute for the missing amount indicated. Prepare a Horizontal Analysis (Static Analysis) of the Statement of Financial Position for ABC Corp. covering the years 2018 and 2019. АВС Согр. Comparative Statement of Financial Position As of 2019-2018 2019 2018 Effect P90,000 78,000 80,000 65,000 60,000 11,000 12,000 34,000 40,000 56,000 51,000 ? Cash Account Receivable P93,000 Inventories Prepaid Rent Tools Computer Total Assets Account Payable Notes Payable ABC, Capital Ending Total Liabilities and Equity ? 23,000 21,000 41,000 37,000 ? ? ? ? 2. Prepare a Comparative Statement of comprehensive Income (Services Business) using Vertical Analysis (Dynamic Analysis). XYZ Services Company Comparative Statement of Comprehensive Income (Services Business) For the year ended, 2019-2018 2018 2019 P123,000 % 100% % 100% Service Income Less: Operating Expenses Salaries Expense Utilities Expense Depreciation Expense Bad Debts P126,000 12,000 18,000 10,000 11,000 15,000 19,000 12,000 13,000 Advertising Expense Miscellaneous Expense Rent Expense 15,000 18,000 12,000 17,000 11,000 ? 10,000 Net Income ? 1. Compute for the missing amount indicated. Prepare a Horizontal Analysis (Static Analysis) of the Statement of Financial Position for ABC Corp. covering the years 2018 and 2019. АВС Согр. Comparative Statement of Financial Position As of 2019-2018 2019 2018 Effect P90,000 78,000 80,000 65,000 60,000 11,000 12,000 34,000 40,000 56,000 51,000 ? Cash Account Receivable P93,000 Inventories Prepaid Rent Tools Computer Total Assets Account Payable Notes Payable ABC, Capital Ending Total Liabilities and Equity ? 23,000 21,000 41,000 37,000 ? ? ? ? 2. Prepare a Comparative Statement of comprehensive Income (Services Business) using Vertical Analysis (Dynamic Analysis). XYZ Services Company Comparative Statement of Comprehensive Income (Services Business) For the year ended, 2019-2018 2018 2019 P123,000 % 100% % 100% Service Income Less: Operating Expenses Salaries Expense Utilities Expense Depreciation Expense Bad Debts P126,000 12,000 18,000 10,000 11,000 15,000 19,000 12,000 13,000 Advertising Expense Miscellaneous Expense Rent Expense 15,000 18,000 12,000 17,000 11,000 ? 10,000 Net Income ?

Answer rating: 100% (QA)

Part 1 ABC Corp Comparative statement of financial position As of 201918 2019 2018 Effect C... View the full answer