Instructions Prepare a statement of comprehensive income, beginning with income from continuing operations. E18.3 (LO 2) Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 $ 90,000 $106,000 400,000 99,000 Current assets Plant assets (net) 350,000 Current liabilities 65,000 Long-term liabilities 122,000 90,000 Common stock, $1 par 130,000 115,000 Retained earnings 155,000 170,000 Instructions Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year.
Instructions Prepare a statement of comprehensive income, beginning with income from continuing operations. E18.3 (LO 2) Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 $ 90,000 $106,000 400,000 99,000 Current assets Plant assets (net) 350,000 Current liabilities 65,000 Long-term liabilities 122,000 90,000 Common stock, $1 par 130,000 115,000 Retained earnings 155,000 170,000 Instructions Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 7E: Multiple-Step and Single-Step Income Statements, and Statement of Comprehensive Income On December...
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Transcribed Image Text:Instructions
Prepare a statement of comprehensive income, beginning with income from continuing operations.
E18.3 (LO 2) Here is financial information for Glitter Inc.
December 31, 2020
December 31, 2019
$ 90,000
350,000
65,000
90,000
115,000
170,000
Current assets
$106,000
Plant assets (net)
400,000
Current liabilities
99,000
122,000
Long-term liabilities
Common stock, $1 par
Retained earnings
130,000
155,000
Instructions
Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year.
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