Current AssetsNon-Current AssetsTotal AssetsCurrent LiabilitiesNon-Current LiabilitiesStockholder's EquityTotal Liabilities &Stockholder's EquityPatikim CorporationComparative Financial ConditionFor the Years Ended Dec. 31, 2017, 2016, & 2015PP20171,105,5005,583,1206,688,6201,664,4151,500,0003,524, 2056,668,620 PP20161,025,500PRequired:1. Prepare Comparative Statement 2017, 2016 & 2015 (Increase, Decrease)20155,822,7106,848,210952,9181,500,0004,395,2936,848,210 7,018,600955,9006,062,7007,018,6001,147,5281,500,0004,371,073

Comparative balance sheet shows the comparison of financial position with other years in both…

Answered: Required: 1. Prepare Comparative…

Business

Accounting

Required: 1. Prepare Comparative Statement 2017, 2016 & 2015 (Increase, Decrease)

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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Question

Current Assets
Non-Current Assets
Total Assets
Current Liabilities
Non-Current Liabilities
Stockholder's Equity
Total Liabilities &
Stockholder's Equity
Patikim Corporation
Comparative Financial Condition
For the Years Ended Dec. 31, 2017, 2016, & 2015
P
P
2017
1,105,500
5,583,120
6,688,620
1,664,415
1,500,000
3,524, 205
6,668,620 P
P
2016
1,025,500
P
Required:
1. Prepare Comparative Statement 2017, 2016 & 2015 (Increase, Decrease)
2015
5,822,710
6,848,210
952,918
1,500,000
4,395,293
6,848,210 7,018,600
955,900
6,062,700
7,018,600
1,147,528
1,500,000
4,371,073

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