Calculator Print Item Horizontal Analysis Two income statements for Vaughn Company follow: Vaughn Company Income Statements For the Years Ended December 31 20Υ1 20YO Fees earned $716,800 $896,000 Operating expenses 557,760 672,000 Net income $159,040 $224,000 Prepare a horizontal analysis of Vaughn Company's income statements. Use the minus sign to indicate a dec Vaughn Company Income Statements For the Years Ended December 31 Amount Percent 20Υ1 20YO Increase/ Increase/ (Decrease) (Decrease) Fees earned $716,800 $896,000 S Operating expenses 557,760 672.000 Net income $159.040 s224,000 S

Calculator Print Item Horizontal Analysis Two income statements for Vaughn Company follow: Vaughn Company Income Statements For the Years Ended December 31 20Υ1 20YO Fees earned $716,800 $896,000 Operating expenses 557,760 672,000 Net income $159,040 $224,000 Prepare a horizontal analysis of Vaughn Company's income statements. Use the minus sign to indicate a dec Vaughn Company Income Statements For the Years Ended December 31 Amount Percent 20Υ1 20YO Increase/ Increase/ (Decrease) (Decrease) Fees earned $716,800 $896,000 S Operating expenses 557,760 672.000 Net income $159.040 s224,000 S

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter13: Financial Statement Analysis

Section: Chapter Questions

Problem 13.18MCE

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