Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. d question 23 the following is a summary of inform

D Question 23 The following is a summary of information presented on the financial statements...

70.2K

Verified Solution

Question

Accounting

image
D Question 23 The following is a summary of information presented on the financial statements of a company on December 31, 20X9. Account 20x9 20x8 Current Assets $85,000 $71,000 Accounts Receivable 94,000 65,000 Merchandise Inventory 64,000 59,000 Current Liabilities 52,000 46,000 Long-term Liabilities 43,000 48.000 Common Stock 78,000 52.000 Retained Earnings 70,000 49,000 With respect to long-term liabilities, a horizontal analysis reveals long-term liabilities decreased by $26,000 long term fiabilities decreased by 56000 long-term liabilities decreased by 50.00% O long term liabilities decreased by 10.42%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

The conductivity of carbon is about 3*(10^4) S/m. a. What size and shape sample of carbon...

Biology
1.2K views

List the levels of organization in the biosphere Smallest to Largest Movement of Populations Immigrant...

Biology
1.2K views

me ction 11 1 Characteristics pribrist to noiteluge atsmites noitermoini air no 1 Why do...

Biology
1.2K views

Choose the correct answer.To________ is to create or devise.validateformulatereflect

Physics
1.2K views

A vertical dam on a large lake is 30 ft tall and 60 ft wide...

Basic Math
1.2K views

Find the volume generated by rotating the area bounded by the graph of the following...

Calculus
1.2K views

Find a polynomial f x of degree 4 that has the following zeros 9 1...

Calculus
1.2K views

4a 6a 6 4a 6a 6 Simplify your answer Type exponential notation with positive exponents

Algebra
1.2K views

On a bicycle Karina rides for 3 hours and is 14 miles from her house...

Accounting
1.2K views

Which of the following statements is TRUE? Question 14 options: The reorder point is the...

Accounting
1.2K views

Calcuate and evaluate financial ratios using 2020 data for Twitter and Facebook. Use financial statement...

Finance
1.2K views

Davidson Corporation: Balance Sheet as of December 31, 2019 (Millions of Dollars) ...