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Financial Information for Glitter Inc. Assignment | Top Universities

Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 $100,000 $122,600 394,350 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock. $1 par Retained earnings 85,968 133.902 330,000 72.000 86,000 110.000 162.000 166,210 130.870 Prepare a schedule showing a horizontal analysis for 2020. using 2019 as the base year. decimal place. eg 12.3%)
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GLITTER INC. Condensed Balance Sheets December 31 2020 2019 Amount Assets Current assets Plant assets (net) $122.600 $100.000 394550330 000 $18.950 $400 Total assets Liabilities current isbilens Lorena Total abilities Stockholders Erity Condensed Balance Sheets December 31 Increase or (Decrease) 2020 2019 Amount Percentage Assets Current assets $ 22600 Plant assets (net) 122.60 % $122,600 $100,000 394,350 330,000 $516,950 $430,000 64350 119.50 % Total assets 86950 120.22 Liabilities Current liabilities 13968 119.40 % Long-term liabilities $85,968 133,902 219,870 $72,000 86,000 158,000 47902 155,70 % Total liabilities 61870 139.16 % Stockholders’ Equity Common stock, $1 par 56210 151.10 Retained earnings 166,210 130,870 297.080 110,000 162,000 272.000 (31130) 80.78 Total stockholders’ equity 25080 109.22 Total liabilities and stockholders’ equity $516.950 $430.000 $ 86950 120.22 e Textbook and Media Save for Later. Get Accounting Homework Help Today

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