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Identify a large percentage change in one account

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Reference no: EM13865839

The comparative financial statements prepared at December 31 for Golden Corporation showed the following summarized data:

Required:

1. Complete the two final columns shown beside each item in Golden Corporation comparative financial statements. Round the percentages to one decimal place.

2. Use the horizontal (trend) analyses to identify

 (a) a large percentage change in one account that is accompanied by a small dollar change and

 (b) a directional change in one account balance that is inconsistent with the direction of change in a related account balance.

Reference no: EM13865839

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