Financial Statement Analysis

Problem-10: Financial Statement Analysis

Financial information for Kurzen Inc. is presented below.

Instructions

Prepare a schedule showing a horizontal analysis for 2020 using 2019 as the base year

Solution

Kurzen Inc.
Condensed Balance Sheets
December 31

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Completing the Accounting Cycle  Adjusting the Accounts  Accounting for Merchandising Operations  The Recording Process  Accounting in Action  Inventories  Plant Assets, Natural Resources, and Intangible Assets  Accounting for Receivables  Accounting Information Systems  Corporations: Dividends, Retained Earnings, and Income Reporting  Current Liabilities and Payroll Accounting  Job Order Costing  Sets  Long-Term Liabilities