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Exercise 14-4
The comparative condensed income statements of Hendi
Corporation are shown below.
(a) Prepare a horizontal analysis of the income statement data for
Hendi Corporation using 2013 as a base. (Show the amounts of
increase or decrease.)
(b) Prepare a vertical analysis of the income statement data for
Hendi Corporation in columnar form for both years.
Exercise 14-13
Maulder Corporation has income from continuing operations of
$264,100 for the year ended December 31, 2014. It also has the
following items (before considering income taxes).
1. An extraordinary loss of $79,600.
2.
division. A gain of $25,700 on the discontinuance of a
3.
A correction of an error in last year’s financial
statements that resulted in a $16,600 understatement of 2013 net
income.
Assume all items are subject to income taxes at a 33% tax rate.
Prepare an income statement, beginning with income from
continuing operations.
Problem 14-6A
The comparative statements of Beulah Company are presented
below.
The common stock recently sold at $19.00 per share.
Compute the following ratios for 2014.