Fundamental Accounting Principles
Fundamental Accounting Principles
23rd Edition
ISBN: 9781259536359
Author: John J Wild, Ken Shaw Accounting Professor, Barbara Chiappetta Fundamental Accounting Principles
Publisher: McGraw-Hill Education
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Chapter 17, Problem 1APSA
To determine

1.

Introduction:

Trend percents analysis means the representation of various components of Income statements and Balance sheets in percentage form instead of dollar value and this is done by selecting a base year.

To Calculate:

The trend percent of the given components using the base year as given

To determine

2.

Introduction:

The trend percent analysis to done to compare the financial statements in percentage terms as compared with a base year. The base year percentage would always be 100.

To analyze:

The given financial statements and trend percent as computed above

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Fundamental Accounting Principles

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