The comparative temporary investments and inventory balances of a company follow: Current Year Previous Year Temporary investments $36,000 $30,000 Inventory 72,000 75,000 Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Change in Amount Increase/Decrease Percentage Temporary investments 6,000 Increase Merchandise inventory 3,000 Decrease

The comparative temporary investments and inventory balances of a company follow: Current Year Previous Year Temporary investments $36,000 $30,000 Inventory 72,000 75,000 Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Change in Amount Increase/Decrease Percentage Temporary investments 6,000 Increase Merchandise inventory 3,000 Decrease

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter18: Accounting Periods And Methods

Section: Chapter Questions

Problem 67P

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