The following line items are from the horizontal analysis of an income statement: Fees earned Wages expense Supplies expense Increase/ Increase/ (Decrease) (Decrease) 20Y8 20Y7 Amount Percent $120,000 $100,000 $20,000 20% 50,000 40,000 10,000 25% 790 1,000 ? ? Complete the last line of the analysis shown above. a. $210 and 21%, respectively Ob. $210 and 27%, respectively c. $(210) and (21) %, respectively Od. $(210) and (27) %, respectively

The following line items are from the horizontal analysis of an income statement: Fees earned Wages expense Supplies expense Increase/ Increase/ (Decrease) (Decrease) 20Y8 20Y7 Amount Percent $120,000 $100,000 $20,000 20% 50,000 40,000 10,000 25% 790 1,000 ? ? Complete the last line of the analysis shown above. a. $210 and 21%, respectively Ob. $210 and 27%, respectively c. $(210) and (21) %, respectively Od. $(210) and (27) %, respectively

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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