Question
Cash and accounts receivable for Adams Company are provided below: Current Year Prior Year Cash $63,562 $52,100 Accounts receivable (net) 24,150 34,500 Based on this
Cash and accounts receivable for Adams Company are provided below:
| Current Year | Prior Year | ||
| Cash | $63,562 | $52,100 | |
| Accounts receivable (net) | 24,150 | 34,500 |
Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage.
| Account | Dollar Change | Percent Change | decrease or increase |
| Cash | $ | % | |
| Accounts Receivable | $ | % |
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Fraud Examination
Authors: W. Steve Albrecht, Conan C. Albrecht, Chad O. Albrecht, Mark F. Zimbelman
3rd edition
324560842, 978-0324560848
