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What is the format of an income statement

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Problem - X Company shows a balance in Land of $100,000 in 2016 and it was $50,000 in 2015. (1.) What is the amount AND percentage change between the two years? (2.) Also, X Company's Total Assets in 2016 are $800,000, what is the common-sized percentage for Land in 2016?

What is the format of an income statement prepared under the contribution margin approach?

Reference no: EM131565126

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