AC 202: Chapter 13 (AC 202)
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AC 202: Chapter 13 Homework. All Solutions Worked Out Step by Step.
- Exam (elaborations) • 12 pages • 2020
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Exercise 13-6 (Part Level Submission)
Here are the comparative income statements of Concord Corporation.

CONCORD CORPORATION
Comparative Income Statement For the Years Ended December 31
	2017		2016
Net sales	$638,000		$562,900
Cost of goods sold	452,500		434,800
Gross Profit	185,500		128,100
Operating expenses	78,700		42,800
Net income	$ 106,800		$ 85,300









Prepare a horizontal analysis of the income statement data for Concord Corporation, using 2016 as a base. (If amount and percentage ...
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