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The balance sheet for the rich food restaurant showed cash

At the end of Year 1, the balance sheet for the Rich Food Restaurant showed cash at $20,000. At the end of Year 2, the balance sheet showed $40,000 in cash. A horizontal analysis of the balance sheets would show the absolute difference between the two years as:

a. $20,000.
b. $60,000.
c. 100%.
d. 50%.

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Accounting Basics: The balance sheet for the rich food restaurant showed cash

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