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XACC 280 Exercise 15-1 (E15-1) Financial information for Blevins Inc. is present
Chapter 12 PR 12-4B Accountings for partnerships and limited liability companies
September 15, 20201. For the following transaction indicate where if at all it would be classified
September 15, 2020XACC 280 Exercise 15-1 (E15-1) Financial information for
Blevins Inc. is presented belowAxia College of University of Phoenix (UoP)Principles of Accounting: Weygandt J. J. Kimmel P. D.
& Kieso D. E. (2008). Financial Accounting (6th ed.). Hoboken NJ: Wiley.Exercise 15-1 (E15-1) Financial information for Blevins Inc.
is presented below.
December 31 2009
December 31 2008Current assets $125000 $100000Plant assets (net) 396000 330000Current liabilities 91000 70000Long-term liabilities 133000 95000Common stock $1 par 161000 115000Retained earnings 136000 150000InstructionsPrepare a schedule showing a horizontal analysis for 2009
using 2008 as the base year.
