The comparative condensed income statements of Moran Corporation are shown below.
Instructions
(a) Prepare a horizontal analysis of the income statement data for Moran Corporation using 2010 as a base. (Show the amounts of increase or decrease.)
(b) Prepare a vertical analysis of the income statement data for Moran Corporation in columnar form for both years.

Question

The comparative condensed income statements of Moran Corporation are shown below.  
Instructions
(a) Prepare a horizontal analysis of the income statement data for Moran Corporation using 2010 as a base. (Show the amounts of increase or decrease.)
(b) Prepare a vertical analysis of the income statement data for Moran Corporation in columnar form for both years.

Quizplus · Accepted Answer

The Answer of The comparative condensed income statements of Moran Corporation are shown below.  
Instructions
(a) Prepare a horizontal analysis of the income statement data for Moran Corporation using 2010 as a base. (Show the amounts of increase or decrease.)
(b) Prepare a vertical analysis of the income statement data for Moran Corporation in columnar form for both years.

The Comparative Condensed Income Statements of Moran Corporation Are Shown