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Prepare a horizontal analysis of both the balance sheet and income statement. Complete this question by entering your answers in the tabs below. Analysis Analysis Bal Sheet Inc Stmt Prepare a horizontal analysis of the balance sheet. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).) Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories ALLENDALE COMPANY Horizontal Analysis of Balance Sheets Year 4 Prepaid items Total current assets Investments Plant (net) Land Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating; 8,000 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity Total liabilities & stockholders' equity < Analysis Bal Sheet $ 40,000 $ 36,000 20,000 6,000 54,000 135,000 25,000 274,000 241,000 27,000 20,000 270,000 255,000 29,000 24,000 $600,000 $540,000 $ Year 3 100,000 32,000 132,000 283,800 17,000 $ 6,000 113,800 100,000 21,000 15,000 151,800 121,000 80,000 46,000 143,000 10,000 100,000 27,000 127,000 248,000 80,000 80,000 80,000 156,200 132,000 316,200 292,000 $600,000 $540,000 % Change 1.1 % Analysis Inc Stmt > % Show less

Prepare a horizontal analysis of both the balance sheet and income statement. Complete this question by entering your answers in the tabs below. Analysis Analysis Bal Sheet Inc Stmt Prepare a horizontal analysis of the balance sheet. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).) Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories ALLENDALE COMPANY Horizontal Analysis of Balance Sheets Year 4 Prepaid items Total current assets Investments Plant (net) Land Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating; 8,000 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity Total liabilities & stockholders' equity < Analysis Bal Sheet $ 40,000 $ 36,000 20,000 6,000 54,000 135,000 25,000 274,000 241,000 27,000 20,000 270,000 255,000 29,000 24,000 $600,000 $540,000 $ Year 3 100,000 32,000 132,000 283,800 17,000 $ 6,000 113,800 100,000 21,000 15,000 151,800 121,000 80,000 46,000 143,000 10,000 100,000 27,000 127,000 248,000 80,000 80,000 80,000 156,200 132,000 316,200 292,000 $600,000 $540,000 % Change 1.1 % Analysis Inc Stmt > % Show less

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA1: International Financial Reporting Standards
Section: Chapter Questions
Problem 7MCQ
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Prepare a horizontal analysis of both the balance sheet and income statement. Complete this question by entering your answers in the tabs below. Analysis Analysis Bal Sheet Inc Stmt Prepare a horizontal analysis of the balance sheet. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).) Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories ALLENDALE COMPANY Horizontal Analysis of Balance Sheets Year 4 Prepaid items Total current assets Investments Plant (net) Land Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating; 8,000 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity Total liabilities & stockholders' equity < Analysis Bal Sheet $ 40,000 $ 36,000 20,000 6,000 54,000 135,000 25,000 274,000 241,000 27,000 20,000 270,000 255,000 29,000 24,000 $600,000 $540,000 $ Year 3 100,000 32,000 132,000 283,800 17,000 $ 6,000 113,800 100,000 21,000 15,000 151,800 121,000 80,000 46,000 143,000 10,000 100,000 27,000 127,000 248,000 80,000 80,000 80,000 156,200 132,000 316,200 292,000 $600,000 $540,000 % Change 1.1 % Analysis Inc Stmt > % Show less
Transcribed Image Text:Prepare a horizontal analysis of both the balance sheet and income statement. Complete this question by entering your answers in the tabs below. Analysis Analysis Bal Sheet Inc Stmt Prepare a horizontal analysis of the balance sheet. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).) Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories ALLENDALE COMPANY Horizontal Analysis of Balance Sheets Year 4 Prepaid items Total current assets Investments Plant (net) Land Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating; 8,000 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity Total liabilities & stockholders' equity < Analysis Bal Sheet $ 40,000 $ 36,000 20,000 6,000 54,000 135,000 25,000 274,000 241,000 27,000 20,000 270,000 255,000 29,000 24,000 $600,000 $540,000 $ Year 3 100,000 32,000 132,000 283,800 17,000 $ 6,000 113,800 100,000 21,000 15,000 151,800 121,000 80,000 46,000 143,000 10,000 100,000 27,000 127,000 248,000 80,000 80,000 80,000 156,200 132,000 316,200 292,000 $600,000 $540,000 % Change 1.1 % Analysis Inc Stmt > % Show less
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