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 sales revenue?
A) a 20% increase in net sales revenue
B) a 120% decrease in net sales revenue
C) a decrease of $50,000 in net sales revenue
D) a $50,000 increase in net sales revenue
Correct Answer:
Verified
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