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AccountingCornerstones of Financial Accounting4th Edition

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Chapter 12, Problem 86PSB
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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

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Chapter
Section
Problem 1DQ
Problem 2DQ
Problem 3DQ
Problem 4DQ
Problem 5DQ
Problem 6DQ
Problem 7DQ
Problem 8DQ
Problem 9DQ
Problem 10DQ
Problem 11DQ
Problem 12DQ
Problem 13DQ
Problem 14DQ
Problem 15DQ
Problem 16DQ
Problem 1MCQ
Problem 2MCQ
Problem 3MCQ
Problem 4MCQ
Problem 5MCQ
Problem 6MCQ
Problem 7MCQ
Problem 8MCQ
Problem 9MCQ
Problem 10MCQ
Problem 11MCQ
Problem 12MCQ
Problem 13MCQ
Problem 14MCQ
Problem 15MCQ
Problem 16MCQ
Problem 17MCQ
Problem 18MCQ
Problem 19MCQ
Problem 20MCQ
Problem 21MCQ
Problem 22MCQ
Problem 23MCQ
Problem 24MCQ
Problem 25MCQ
Problem 26MCQ
Problem 27MCQ
Problem 28MCQ
Problem 29MCQ
Problem 30MCQ
Problem 31MCQ
Problem 32MCQ
Problem 33MCQ
Problem 34MCQ
Problem 35MCQ
Problem 36MCQ
Problem 37MCQ
Problem 38MCQ
Problem 39MCQ
Problem 40MCQ
Problem 41MCQ
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Problem 44MCQ
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Problem 46CE
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Problem 48CE
Problem 49CE
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Problem 51CE
Problem 52CE
Problem 53CE
Problem 54CE
Problem 55CE
Problem 56CE
Problem 57BE
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Problem 59BE
Problem 60BE
Problem 61BE
Problem 62BE
Problem 63BE
Problem 64BE
Problem 65BE
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Problem 67BE
Problem 68E
Problem 69E
Problem 70E
Problem 71E
Problem 72E
Problem 73E
Problem 74E
Problem 75E
Problem 76E
Problem 77E
Problem 78E
Problem 79E
Problem 80E
Problem 81E
Problem 82E
Problem 83E
Problem 84PSA
Problem 85PSA
Problem 86PSA
Problem 87PSA
Problem 88PSA
Problem 89PSA
Problem 90PSA
Problem 91PSA
Problem 92PSA
Problem 93PSA
Problem 84PSB
Problem 85PSB
Problem 86PSB
Problem 87PSB
Problem 88PSB
Problem 89PSB
Problem 90PSB
Problem 91PSB
Problem 92PSB
Problem 93PSB
Problem 94C
Problem 95.1C
Problem 95.2C
Problem 96.1C
Problem 96.2C
Problem 97.1C
Problem 97.2C
Problem 97.3C
Problem 97.4C
Problem 97.5C
Problem 97.6C
Problem 98.1C
Problem 98.2C
Problem 98.3C
Problem 99.1C
Problem 99.2C
Problem 99.3C
Problem 99.4C
Problem 99.5C
BuyFindarrow_forward

Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
1 views

Using Common Size Income Statement Data

The 2019. 2018. and 2017 income statements for Spinner Entertainment Inc. follow.

Chapter 12, Problem 86PSB, Using Common Size Income Statement Data The 2019. 2018. and 2017 income statements for Spinner

Required:

1. Calculate how much each of the revenues and c changed from 2017 through 2019 using horizontal analysis On percentage terms, rounded to two decimal places). Utilize 2017 as the base year for both 2018 and 2019. You do not need to include the actual dollar amounts shown above.

2. CONCEPTUAL CONNECTION Discuss the primary causes of Spinner’s increase in net income in 2018 and the decrease in 2019.

To determine

(a)

Concept introduction:

Horizontal analysis is a way of making a comparison among two years in which one year is taken to be the base year and the comparison is done with the like items and results are given in terms of percentage.

To prepare:

A statement showing the changes in revenue and expense from 2017 through 2019 using horizontal analysis.

Explanation

The statement using horizontal analysis:

Spinner Entertainment Inc.
Consolidated Income Statements
Particulars 2019(in %) 2018(in %) 2017(in %)
Revenues:
Theme park and resorts 77.76 94.21 100
Filmed entertainment 70.64 84.93 100
Consumer products 50.37 75.10 100
Total Revenue 70.03 86.98 100
Costs and expenses:
Theme park and resorts 83.73 100.73 100
Filmed entertainment 74.08 82.65 100
Consumer products 44.95 71.79 100
Total costs and expenses 73.14 87.95 100
Operating income:
Theme park and resorts 57
To determine

(b)

Concept introduction:

Horizontal analysis is a way of making a comparison among two years in which one year is taken to be the base year and the comparison is done with the like items and results are given in terms of percentage.

The primary causes behind increase in net income in 2018 and decrease in net income in 2019.

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Ch-12 P-1DQCh-12 P-2DQCh-12 P-3DQCh-12 P-4DQCh-12 P-5DQCh-12 P-6DQCh-12 P-7DQCh-12 P-8DQCh-12 P-9DQCh-12 P-10DQ
Ch-12 P-11DQCh-12 P-12DQCh-12 P-13DQCh-12 P-14DQCh-12 P-15DQCh-12 P-16DQCh-12 P-1MCQCh-12 P-2MCQCh-12 P-3MCQCh-12 P-4MCQCh-12 P-5MCQCh-12 P-6MCQCh-12 P-7MCQCh-12 P-8MCQCh-12 P-9MCQCh-12 P-10MCQCh-12 P-11MCQCh-12 P-12MCQCh-12 P-13MCQCh-12 P-14MCQCh-12 P-15MCQCh-12 P-16MCQCh-12 P-17MCQCh-12 P-18MCQCh-12 P-19MCQCh-12 P-20MCQCh-12 P-21MCQCh-12 P-22MCQCh-12 P-23MCQCh-12 P-24MCQCh-12 P-25MCQCh-12 P-26MCQCh-12 P-27MCQCh-12 P-28MCQCh-12 P-29MCQCh-12 P-30MCQCh-12 P-31MCQCh-12 P-32MCQCh-12 P-33MCQCh-12 P-34MCQCh-12 P-35MCQCh-12 P-36MCQCh-12 P-37MCQCh-12 P-38MCQCh-12 P-39MCQCh-12 P-40MCQCh-12 P-41MCQCh-12 P-42MCQCh-12 P-43MCQCh-12 P-44MCQCh-12 P-45MCQCh-12 P-46CECh-12 P-47CECh-12 P-48CECh-12 P-49CECh-12 P-50CECh-12 P-51CECh-12 P-52CECh-12 P-53CECh-12 P-54CECh-12 P-55CECh-12 P-56CECh-12 P-57BECh-12 P-58BECh-12 P-59BECh-12 P-60BECh-12 P-61BECh-12 P-62BECh-12 P-63BECh-12 P-64BECh-12 P-65BECh-12 P-66BECh-12 P-67BECh-12 P-68ECh-12 P-69ECh-12 P-70ECh-12 P-71ECh-12 P-72ECh-12 P-73ECh-12 P-74ECh-12 P-75ECh-12 P-76ECh-12 P-77ECh-12 P-78ECh-12 P-79ECh-12 P-80ECh-12 P-81ECh-12 P-82ECh-12 P-83ECh-12 P-84PSACh-12 P-85PSACh-12 P-86PSACh-12 P-87PSACh-12 P-88PSACh-12 P-89PSACh-12 P-90PSACh-12 P-91PSACh-12 P-92PSACh-12 P-93PSACh-12 P-84PSBCh-12 P-85PSBCh-12 P-86PSBCh-12 P-87PSBCh-12 P-88PSBCh-12 P-89PSBCh-12 P-90PSBCh-12 P-91PSBCh-12 P-92PSBCh-12 P-93PSBCh-12 P-94CCh-12 P-95.1CCh-12 P-95.2CCh-12 P-96.1CCh-12 P-96.2CCh-12 P-97.1CCh-12 P-97.2CCh-12 P-97.3CCh-12 P-97.4CCh-12 P-97.5CCh-12 P-97.6CCh-12 P-98.1CCh-12 P-98.2CCh-12 P-98.3CCh-12 P-99.1CCh-12 P-99.2CCh-12 P-99.3CCh-12 P-99.4CCh-12 P-99.5C

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