Horngren's Accounting, Student Value Edition (12th Edition)
Horngren's Accounting, Student Value Edition (12th Edition)
12th Edition
ISBN: 9780134487151
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Chapter 17, Problem P17.23APGA
To determine

Trend Analysis: Trend analysis is an extended feature of horizontal analysis that enables the user to get the trend for a particular account during a relatively long time period of five years. It makes the base year’s amount as 100 and then calculates the percentage of the amount of following years. It is really useful to analyze the direction of company’s growth.

1.

To Calculate: Trend analysis for revenue, net income and ending balance of common stockholders’ equity of E Company during 2017-19.

To determine

2.

To Compute: The rate of return on common stockholders’ equity of company E during 2017-19.

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Swifty Corporation purchased Windsor Company 3 years ago and at that time recorded goodwill of $380,000. The Windsor Division's net assets, including the goodwill, have a carrying amount of $760,000. The fair value of the division is estimated to be $1,010,000. Prepare Swifty' journal entry, if necessary, to record impairment of the goodwill. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Account Titles and Explanation eTextbook and Media Debit Credit

Chapter 17 Solutions

Horngren's Accounting, Student Value Edition (12th Edition)

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