X Company shows a balance in Land of
Question # 00551483
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Updated on: 06/24/2017 03:01 AM Due on: 06/24/2017
(TCO 4) 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?
(TCO 11) What is the format of an income statement prepared under the contribution margin approach?
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Solution: X Company shows a balance in Land of