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zbuild007 zbuild007
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A year ago
Assume you have prepared a horizontal analysis of your company's balance sheet and income statement and have found some account balances you believe need to be investigated. What would be a cause of each of the following changes in account balances?

a.Decrease in accrued salaries
b.Sales increased by a greater percentage than cost of goods sold
c.Accounts receivable decreased
d.Significant drop in long-term debt
e.Decrease in retained earnings
Textbook 
Managerial Accounting

Managerial Accounting


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ttoe81ttoe81
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