Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended December 31 20Y9 $1,472,000 (1,050,000) 20Y8 $1,230,000 Fees earned Expenses (910,000) $320,000 Net income $422,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions belor Onen spreadaheet Prepare a horizontal analysis of Paragon Company's income statements. Round your answers for monetary values to the nearest dollar and for percentage values to one decimal place. Paragon Company Income Statements For the Years Ended December 31 Increase/(Decrease) Amount Percent 20Y9 20Υ8 $1,472,000 $1,230,000 Fees earned (1,050,000) (910,000) Expenses $422,000 $320,000 Net income
Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended December 31 20Y9 $1,472,000 (1,050,000) 20Y8 $1,230,000 Fees earned Expenses (910,000) $320,000 Net income $422,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions belor Onen spreadaheet Prepare a horizontal analysis of Paragon Company's income statements. Round your answers for monetary values to the nearest dollar and for percentage values to one decimal place. Paragon Company Income Statements For the Years Ended December 31 Increase/(Decrease) Amount Percent 20Y9 20Υ8 $1,472,000 $1,230,000 Fees earned (1,050,000) (910,000) Expenses $422,000 $320,000 Net income
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter3: The Adjusting Process
Section: Chapter Questions
Problem 30E
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