8. Selected comparative income statement amounts for a company are shown below.

Question

8. Selected comparative income statement amounts for a company are shown below. Using 2009 as the base year for a horizontal analysis, compute the account with the most significant change.

A. Sales

B. General and Administrative Expenses

C. Interest Expense

D. Miscellaneous Expense

E. Cannot be determined from the given data

8. Selected comparative income statement amounts for a company are shown below. Using 2009 as the base year for a horizontal analysis, compute the account with the most significant change. A. Sales B. General and Administrative Expenses C. Interest Expense D. Miscellaneous Expense E. Cannot be determined from the given data

Explanation / Answer

its B General and Administrative Expenses

why ?

sales increased by 30% whereas General and Administrative Expenses increase only 10% so it is most significant change

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