What is the comparative statement of financial condition for 2019 and 2020 showing peso and percentage for each item (horizontal analysis)? Statement of Financial ConditionAccounts (Dec 31)Cash20192020P 150,000P 283,000Marketable Securities850,0001,000,000Accounts Receivables, net500,0001,000,000Inventories750,000500,000Land500,000500,000Building, net550,000500,0001,700,000400,0001,500,000Machinery and Equipment, netGoodwill400,000Other Assets100,00090,000Notes Payable, TradeAccounts Payable, netExpenses Payable100,000610,00040,0002,500,000150,000790,00060,000Long- term notes- due 201415% Preferred Stocks, P100 Par2,250,000500,000500,000Common Stock, P10 ParRetained Earnings1,500,0001,500,000250,000523,000

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What is the comparative statement of financial condition for 2019 and 2020 showing peso and percentage for each item (horizontal analysis

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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What is the comparative statement of financial condition for 2019 and 2020 showing peso and percentage for each item (horizontal analysis)?

Statement of Financial Condition
Accounts (Dec 31)
Cash
2019
2020
P 150,000
P 283,000
Marketable Securities
850,000
1,000,000
Accounts Receivables, net
500,000
1,000,000
Inventories
750,000
500,000
Land
500,000
500,000
Building, net
550,000
500,000
1,700,000
400,000
1,500,000
Machinery and Equipment, net
Goodwill
400,000
Other Assets
100,000
90,000
Notes Payable, Trade
Accounts Payable, net
Expenses Payable
100,000
610,000
40,000
2,500,000
150,000
790,000
60,000
Long- term notes- due 2014
15% Preferred Stocks, P100 Par
2,250,000
500,000
500,000
Common Stock, P10 Par
Retained Earnings
1,500,000
1,500,000
250,000
523,000

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