Ex/ the following data balance sheet from Baghdad Company for year Balance sheet asset 2010 2009 80,000 90,000 Current asset 76,000 Fixed asset 99,000 25,000 Intangible asset 40,000 Total asset 200,000 210,000 Liabilities and equity Current liabilities 40,800 48,000 Long term liabilities 143,000 150,000 Property equity 12,000 Total liabilities 16,200 200,000 210,000 Required: prepare schedule showing horizontal and vertical analysis

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
سؤال
Ex/ the following data balance sheet from Baghdad
Company for year
Balance sheet
asset
2009
2010
76,000
99,000
Current asset
80,000
Fixed asset
90,000
Intangible asset
Total asset
Liabilities and
25,000
200,000
40,000
210,000
equity
Current liabilities
48,000
40,800
Long term liabilities
143,000
150,000
Property equity
Total liabilities
12,000
16,200
200,000
210,000
Required: prepare schedule showing horizontal and
vertical analysis
Transcribed Image Text:سؤال Ex/ the following data balance sheet from Baghdad Company for year Balance sheet asset 2009 2010 76,000 99,000 Current asset 80,000 Fixed asset 90,000 Intangible asset Total asset Liabilities and 25,000 200,000 40,000 210,000 equity Current liabilities 48,000 40,800 Long term liabilities 143,000 150,000 Property equity Total liabilities 12,000 16,200 200,000 210,000 Required: prepare schedule showing horizontal and vertical analysis
Expert Solution
steps

Step by step

Solved in 2 steps with 4 images

Blurred answer
Knowledge Booster
Real Estate
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education