Horngren's Financial & Managerial Accounting, The Managerial Chapters, Student Value Edition (6th Edition)
Horngren's Financial & Managerial Accounting, The Managerial Chapters, Student Value Edition (6th Edition)
6th Edition
ISBN: 9780134491844
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Chapter 15, Problem 15.2SE
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 PeriodAmountBasePeriod AmountBase Period Amount

To Prepare: The horizontal analysis of revenue and gross profits for Company V for the year 2018 and 2019, both in dollar amounts, and in percentage.

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Chapter 15 Solutions

Horngren's Financial & Managerial Accounting, The Managerial Chapters, Student Value Edition (6th Edition)

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