Horizontal Analysis (Trend Analysis) Percentages for Staas Company's Sales Cost

question 188

Essay

Horizontal analysis (trend analysis) percentages for Staas Company's sales cost of goods sold and expenses are listed here. $\begin{array}{lccl} \underline{\text { Horizontal Analysis }} & \underline{2017 }& \underline{2016} & \underline{ 2015}\\\text { Sales } & 98.2 \% & 104.8 \% & 100.0 \% \\\text { Cost of goods sold } & 102.5 & 98.0 & 100.0 \\\text { Expenses } & 108.6 & 96.4 & 100.0\end{array}$ Instructions
Explain whether Staas' net income increased decreased or remained unchanged over the 3-year period.

Comprehend the treatment and impact of intercompany bond transactions in consolidated financial statements.

Recognize how non-controlling interests are reported in consolidated financial statements.

Understand the process of goodwill calculation and impairment in business combinations.

Grasp the accounting treatment for intercompany dividends in consolidated financial statements.

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