( b ) Prepare a vertical analysis of the balance sheet data for Garcia Corporation in columnar form for 2014
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 . A gain of $ 25,700 on the discontinuance of a division .
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 .