Intentional misrepresentation is considered fraud

Financial statements are prepared from the balances in a(n) ________

A) general journal B) chart of accounts C) unadjusted trial balance D) adjusted trial balance

Data for Dumouchelle, Inc follow

Dumouchelle, Inc Comparative Balance Sheet December 31, 2017 and 2016 2017 2016 Assets Current Assets: Cash $12,000 $10,200 Accounts Receivable, Net 16,100 16,800 Merchandise Inventory 45,000 31,000 Prepaid Expenses 6,500 3,900 Total Current Assets 79,600 61,900 Property, Plant, and Equipment, Net 265,000 233,000 Total Assets $344,600 $294,900 Liabilities Total Current Liabilities $9,900 $11,200 Long-term Liabilities 60,000 50,000 Total Liabilities 69,900 61,200 Stockholders' Equity Preferred Stock, 3%, $50 par 75,000 75,000 Common Stockholders' Equity, no par 199,700 158,700 Total Liabilities and Stockholders' Equity $344,600 $294,900 Prepare a horizontal analysis of the comparative balance sheet of Dumouchelle, Inc (Round to one decimal place.) What will be an ideal response