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Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended December 31 20Υ7 20Y6 Fees earned $1,416,000 $1,200,000 Expenses (1,044,000) (900,000) Net income $372,000 $300,000 Prepare a horizontal analysis of Paragon Company's income statement

Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended December 31 20Υ7 20Y6 Fees earned $1,416,000 $1,200,000 Expenses (1,044,000) (900,000) Net income $372,000 $300,000 Prepare a horizontal analysis of Paragon Company's income statement

FINANCIAL ACCOUNTING
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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How would you prepare the horizontal analysis?
CengageNOWv2 | Online teachin x G Two income statements for Para X O https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=D&tal eBook Show Me How Horizontal analysis Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended December 31 20Υ7 20Υ6 Fees earned $1,416,000 $1,200,000 Expenses (1,044,000) (900,000) Net income $372,000 $300,000 Prepare a horizontal analysis of Paragon Company's income statements. Paragon Company Income Statements For the Years Ended December 31 Increase/(Decrease) 20Υ7 20Υ6 Amount Percent Fees earned $1,416,000 $1,200,000 $ % Expenses (1,044,000) (900,000) Net income $372,000 $300,000 $ % re to search
Transcribed Image Text:CengageNOWv2 | Online teachin x G Two income statements for Para X O https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=D&tal eBook Show Me How Horizontal analysis Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended December 31 20Υ7 20Υ6 Fees earned $1,416,000 $1,200,000 Expenses (1,044,000) (900,000) Net income $372,000 $300,000 Prepare a horizontal analysis of Paragon Company's income statements. Paragon Company Income Statements For the Years Ended December 31 Increase/(Decrease) 20Υ7 20Υ6 Amount Percent Fees earned $1,416,000 $1,200,000 $ % Expenses (1,044,000) (900,000) Net income $372,000 $300,000 $ % re to search
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