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Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.) Short-term investments Accounts receivable Notes payable Percent Change Short-term investments Accounts receivable Notes payable $ Current Year Prior Year $ 375,525 98,582 0 $ 234,698 101,8811 88,945 Horizontal Analysis Calculation of Percent Change Numerator: Current Year 375,525 $ 98,582 0 Prior Year 234,698 101,881 88,945 Denominator: Dollar Change Percent Change % % %

Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.) Short-term investments Accounts receivable Notes payable Percent Change Short-term investments Accounts receivable Notes payable $ Current Year Prior Year $ 375,525 98,582 0 $ 234,698 101,8811 88,945 Horizontal Analysis Calculation of Percent Change Numerator: Current Year 375,525 $ 98,582 0 Prior Year 234,698 101,881 88,945 Denominator: Dollar Change Percent Change % % %

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.) Short-term investments Accounts receivable Notes payable Percent Change Short-term investments Accounts receivable Notes payable $ Current Year $ 375,525 98,582 0 Prior Year $ 234,698 101,881 88,945 Horizontal Analysis Calculation of Percent Change Numerator: Current Year 375,525 $ 98,582 0 Prior Year 234,698 101,881 88,945 Denominator: Dollar Change Percent Change
Transcribed Image Text:Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.) Short-term investments Accounts receivable Notes payable Percent Change Short-term investments Accounts receivable Notes payable $ Current Year $ 375,525 98,582 0 Prior Year $ 234,698 101,881 88,945 Horizontal Analysis Calculation of Percent Change Numerator: Current Year 375,525 $ 98,582 0 Prior Year 234,698 101,881 88,945 Denominator: Dollar Change Percent Change
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