Condensed Data Taken from the Ledger of Joplin Company at December

question 27

Essay

Condensed data taken from the ledger of Joplin Company at December 31,2012 and 2011,are as follows:

Prepare a comparative balance sheet,with horizontal analysis,for December 31,2012 and 2011.(Round percents to one decimal point. )

---

Definitions:

Chapter 13

A section of the United States Bankruptcy Code that allows individuals earning regular income to develop a plan to repay all or part of their debts.

Liquidated

Pertains to the conversion of assets into cash or the settlement of debts through the sale of assets.

U.S. District Courts

Federal courts in the United States that have jurisdiction over civil actions and criminal cases arising under the Constitution, laws, and treaties of the U.S.

Exclusive Jurisdiction

A legal term that means only a specific court has the power to adjudicate a certain type of case, preventing other courts from hearing the same case.