Perform a horizontal analysis and put the correct answer in the appropriate blocks for only these account line items: Cash, A/R, Accounts Payable, Other Liabilities, Sales, and Solling & Admin Exp. When necessary round to the nearest tenth. You must use parentheses to mark a negative change. For example: a negative change from 2021 to 2022 of $30,000 would be written (S30,000) Make sure to answer the last column - whether the change is deemed as a positive or negative based on the line item in the financial statements (for example is an increase in expenses a positive or negative variance?) You must put in the answer box, the word "positive" or "negative". Base your answer strictly on the results of the horizontal analysis for that line item.

Perform a horizontal analysis and put the correct answer in the appropriate blocks for only these account line items: Cash, A/R, Accounts Payable, Other Liabilities, Sales, and Solling & Admin Exp. When necessary round to the nearest tenth. You must use parentheses to mark a negative change. For example: a negative change from 2021 to 2022 of $30,000 would be written (S30,000) Make sure to answer the last column - whether the change is deemed as a positive or negative based on the line item in the financial statements (for example is an increase in expenses a positive or negative variance?) You must put in the answer box, the word "positive" or "negative". Base your answer strictly on the results of the horizontal analysis for that line item.

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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