required: preparing the lists of the financial position for the years 2008,2009 and conducting horizontal 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
The following data extracted from the books of
a company during the years 2008 and 2009
2009
2008
data
170000
110000
Creditors
60000
80000
Cash
195000
107000
Retained
earnings
65000
100000 Payment papers
130000
85000
Indebted
500000
425000 Net fixed assets
310000
300000
The capital
200000
145000
Stock
150000
118000 Fixed obligations
required: preparing the lists of the financial
position for the years 2008,2009 and
conducting horizontal analysis
Transcribed Image Text:The following data extracted from the books of a company during the years 2008 and 2009 2009 2008 data 170000 110000 Creditors 60000 80000 Cash 195000 107000 Retained earnings 65000 100000 Payment papers 130000 85000 Indebted 500000 425000 Net fixed assets 310000 300000 The capital 200000 145000 Stock 150000 118000 Fixed obligations required: preparing the lists of the financial position for the years 2008,2009 and conducting horizontal analysis
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
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