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etained earnings ales revenue Operating expenses ncome taxes payable 29,040 (13,200) 791,840 707,000 164,430 189,000 10,260 9,500

etained earnings ales revenue Operating expenses ncome taxes payable 29,040 (13,200) 791,840 707,000 164,430 189,000 10,260 9,500

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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Comparative information taken from the Cullumber Company financial statements is shown below. (a) Accounts receivable (b) Retained earnings (c) Sales revenue (d) Operating expenses (e) Income taxes payable (a) Accounts receivable (b) Retained earnings Using horizontal analysis, show the percentage change from 2024 to 2025 with 2024 as the base year. (Round answers to O decimal places, eg. 5%. Do not leave any answer field blank. Enter O for amounts) (c) Sales revenue (d) Operating expenses 2025 $161.040 (e) Income taxes payable 29,040 791,840 164,430 10,260 2024 $132,000 (13,200) 707,000 189,000 9,500 Percentage change
Transcribed Image Text:Comparative information taken from the Cullumber Company financial statements is shown below. (a) Accounts receivable (b) Retained earnings (c) Sales revenue (d) Operating expenses (e) Income taxes payable (a) Accounts receivable (b) Retained earnings Using horizontal analysis, show the percentage change from 2024 to 2025 with 2024 as the base year. (Round answers to O decimal places, eg. 5%. Do not leave any answer field blank. Enter O for amounts) (c) Sales revenue (d) Operating expenses 2025 $161.040 (e) Income taxes payable 29,040 791,840 164,430 10,260 2024 $132,000 (13,200) 707,000 189,000 9,500 Percentage change
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