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October 26, 2022

Write a memorandum identifying and explaining potential problem areas where misstatements in the current-year financial statements could exist.

Horizontal and Vertical Analysis [CLOs: 1, 2, 3]. Due by Day 7. Complete problem 4.55 Horizontal and Vertical Analysis on pages 159 and 160 of the textbook. Study the data in Exhibits 4.55.1 and 4.55.2. Write a memorandum identifying and explaining potential problem areas where misstatements in the current-year financial statements could exist. Be sure to read the additional information given in the problem.

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