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ACC 280 E15-1 Financial information for Blevins Inc. is presented below

XACC 280 E15-1 Financial information for Blevins Inc. is presented below

ACC 280 E15-1Blevins Inc.

Principles of Accounting: Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2008). Financial Accounting (6th ed.). Hoboken, NJ: Wiley.
Axia College of University of Phoenix (UoP)

ACC 280
XACC 280

ANSWER KEY

E15-1 Financial information for Blevins Inc. is presented below.

December 31, 2009     December 31, 2008
Current assets                          $125,000                     $100,000
Plant assets (net)                      396,000                       330,000
Current liabilities                     91,000                                     70,000
Long-term liabilities                 133,000                       95,000
Common stock, $1 par                        161,000                       115,000
Retained earnings                    136,000                       150,000
Instructions
Prepare a schedule showing a horizontal analysis for 2009 using 2008 as the base year.

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