HORIZONTAL ANALYSIS ...
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Accounting
| HORIZONTAL ANALYSIS | |||||
| INSTRUCTIONS: Prepare a horizontal analysis of the income statement using 2018 as a base. | |||||
| Neiman Corp. | |||||
| Comparative Balance Sheet | |||||
| For the years ended December 31 | |||||
| 2019 | 2018 | ||||
| Assets | |||||
| Current Assets | 360 | 300 | |||
| Plant Assets | 640 | 500 | |||
| Total Assets | 1,000 | 800 | |||
| Liabilities & Stockholders' Equity | |||||
| Current liabilities | 150 | 120 | |||
| Long-term debt | 240 | 160 | |||
| Common stock | 350 | 320 | |||
| Retained earnings | 260 | 200 | |||
| Total liabilities & stockholders' equity | 1,000 | 800 | |||
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