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Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339 Exercise 43
Evaluating business performance
Consider the facts presented in Sl-12 for Elegant Arrangements Corporation.
Requirements
1. Review the income statement prepared in Sl-12. Evaluate the results of 2012 operations for Elegant Arrangements Corporation. Was the year good or bad
2. If the company's service revenue was 20% less than reported in Sl-12, how will the net income (loss) change
3. If the company's salary expense was 20% more than reported in Sl-12, how will the net income (loss) change
Consider the facts presented in Sl-12 for Elegant Arrangements Corporation.
Requirements
1. Review the income statement prepared in Sl-12. Evaluate the results of 2012 operations for Elegant Arrangements Corporation. Was the year good or bad
2. If the company's service revenue was 20% less than reported in Sl-12, how will the net income (loss) change
3. If the company's salary expense was 20% more than reported in Sl-12, how will the net income (loss) change
Explanation
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2.
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Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
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