Horizontal Analysis: Horizontal analysis is prepared to make comparison between the financial statements to determine the changes in the financial statements for the previous year to the current year. The changes of the company are measured in dollars as well as in percentage. Formula: Percentage Change = 100 × Later Period Amount − Base Period Amount Base Period Amount To determine: Net income for the year 2017.

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Answer 1

Question

Chapter 13, Problem 8Q

(a)

To determine

Horizontal Analysis: Horizontal analysis is prepared to make comparison between the financial statements to determine the changes in the financial statements for the previous year to the current year. The changes of the company are measured in dollars as well as in percentage.

Formula:

Percentage Change=100×Later Period Amount −Base Period AmountBase Period Amount

To determine: Net income for the year 2017.

(b)

To determine

The amount of revenue for the year 2017.

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Answer 2

Question

Chapter 13, Problem 8Q

(a)

To determine

Horizontal Analysis: Horizontal analysis is prepared to make comparison between the financial statements to determine the changes in the financial statements for the previous year to the current year. The changes of the company are measured in dollars as well as in percentage.

Formula:

Percentage Change=100×Later Period Amount −Base Period AmountBase Period Amount

To determine: Net income for the year 2017.

(b)

To determine

The amount of revenue for the year 2017.

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Answer 3

Question

Chapter 13, Problem 8Q

(a)

To determine

Horizontal Analysis: Horizontal analysis is prepared to make comparison between the financial statements to determine the changes in the financial statements for the previous year to the current year. The changes of the company are measured in dollars as well as in percentage.

Formula:

Percentage Change=100×Later Period Amount −Base Period AmountBase Period Amount

To determine: Net income for the year 2017.

(b)

To determine

The amount of revenue for the year 2017.

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Answer 4

Question

Chapter 13, Problem 8Q

(a)

To determine

Horizontal Analysis: Horizontal analysis is prepared to make comparison between the financial statements to determine the changes in the financial statements for the previous year to the current year. The changes of the company are measured in dollars as well as in percentage.

Formula:

Percentage Change=100×Later Period Amount −Base Period AmountBase Period Amount

To determine: Net income for the year 2017.

(b)

To determine

The amount of revenue for the year 2017.

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Answer 5

Chapter 13, Problem 8Q

(a)

To determine

Horizontal Analysis: Horizontal analysis is prepared to make comparison between the financial statements to determine the changes in the financial statements for the previous year to the current year. The changes of the company are measured in dollars as well as in percentage.

Formula:

Percentage Change=100×Later Period Amount −Base Period AmountBase Period Amount

To determine: Net income for the year 2017.

(b)

To determine

The amount of revenue for the year 2017.

Answer 6

Chapter 13, Problem 8Q

(a)

To determine

Horizontal Analysis: Horizontal analysis is prepared to make comparison between the financial statements to determine the changes in the financial statements for the previous year to the current year. The changes of the company are measured in dollars as well as in percentage.

Formula:

Percentage Change=100×Later Period Amount −Base Period AmountBase Period Amount

To determine: Net income for the year 2017.

Answer 7

Chapter 13, Problem 8Q

(a)

To determine

Horizontal Analysis: Horizontal analysis is prepared to make comparison between the financial statements to determine the changes in the financial statements for the previous year to the current year. The changes of the company are measured in dollars as well as in percentage.

Formula:

Percentage Change=100×Later Period Amount −Base Period AmountBase Period Amount

To determine: Net income for the year 2017.

Answer 8

(b)

To determine

The amount of revenue for the year 2017.

Answer 9

(b)

To determine

The amount of revenue for the year 2017.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 13 - Prob. 1Q Ch. 13 - Prob. 2Q Ch. 13 - Prob. 3Q Ch. 13 - Prob. 4Q Ch. 13 - Prob. 5Q Ch. 13 - Prob. 6Q Ch. 13 - Prob. 7Q Ch. 13 - Prob. 8Q Ch. 13 - Prob. 9Q Ch. 13 - (a) Distinguish among the following bases of...

Solution Summary: The author explains that Horizontal Analysis is prepared to determine the changes in the financial statements for the previous year to the current year.

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The amount of revenue for the year 2017.

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