ACC 280 / XACC 280
Axia College of University of Phoenix (UoP)
Principles of Accounting
Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2008). Financial Accounting (6th ed.). Hoboken, NJ: Wiley.
ACC 280 / XACC 280 Solution
Help in ACC 280
Help in XACC 280
Exercise 15-3 (E15-3) The comparative condensed balance sheets of Conard Corporation are presented below.
CONARD CORPORATION Comparative Condensed Balance Sheets December 31 2009 2008 Assets Current assets $ 74,000 $ 80,000 Property, plant, and equipment (net) 99,000 90,000 Intangibles 27,000 40,000 Total assets $200,000 $210,000 Liabilities and stockholders’ equity Current liabilities $ 42,000 $ 48,000 Long-term liabilities 143,000 150,000 Stockholders’ equity 15,000 12,000 Total liabilities and stockholders’ equity $200,000 $210,000
Instructions
(a) Prepare a horizontal analysis of the balance sheet data for Conard Corporation using 2008 as a base.
(b) Prepare a vertical analysis of the balance sheet data for Conard Corporation in columnar form for 2009.
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