The following is summary of information presented on the financial statements of a company on December 31, 2015. What would a horizontal analysis report show with respect to net income?
A)both net income before income tax expense and net income are 45.45% of net sales revenue
B)a $25,000 increase in net income
C)a 45.45% increase in net income
D)a 103% increase in net income

Question

The following is summary of information presented on the financial statements of a company on December 31, 2015.  What would a horizontal analysis report show with respect to net income?
A)both net income before income tax expense and net income are 45.45% of net sales revenue 
B)a $25,000 increase in net income 
C)a 45.45% increase in net income 
D)a 103% increase in net income

Quizplus · Accepted Answer

The Answer of The following is summary of information presented on the financial statements of a company on December 31, 2015.  What would a horizontal analysis report show with respect to net income?
A)both net income before income tax expense and net income are 45.45% of net sales revenue 
B)a $25,000 increase in net income 
C)a 45.45% increase in net income 
D)a 103% increase in net income

The Following Is Summary of Information Presented on the Financial