Summary financial information for Holland Company is as follows. Compute the amount and percentage changes in 2011

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Summary financial information for Holland Company is as follows.

Compute the amount and percentage changes in 2011 using horizontal analysis, assuming 2010 is the baseyear.

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Accounting Principles

ISBN: 978-0470533475

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Sep 13, 2011 08:13 AM

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Summary financial information for Holland Company is as follows. Compute the amount and percentage changes in 2011

Question:

December 31, 2011 $ 199,000 December 31, 2010 $ 220,000 Current assets Plant assets Total assets 821,000 780,000 $1,000,000 $1,020,000

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