Key Financial Data Income Statement,Dreamscape,Inc

question 16

Essay

Key Financial Data Income Statement,Dreamscape,Inc.
For the Year Ended December 31,2020 Prepare a common-size income statement for Dreamscape,Inc.for the year ended December 31,2020.Evaluate the company's performance against industry average ratios and against last year's results.

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Definitions:

Real Property

Land and anything permanently attached to the land, such as buildings, which can be contrasted with personal property.

Personal Property

Assets or belongings that are not permanently attached to, or part of, real estate.

Testate Succession

The legal process of distributing a deceased person's assets in accordance with their will.

Intestate Succession

The process by which the property of a deceased person is distributed when they die without a valid will, based on laws of the state or country.