Question
Cash and accounts receivable for Adams Company are as follows: Line Item Description Current Year Prior Year Cash $87,084 $73,800 Accounts receivable (net) 29,448 40,900
Cash and accounts receivable for Adams Company are as follows:
| Line Item Description | Current Year | Prior Year |
|---|---|---|
| Cash | $87,084 | $73,800 |
| Accounts receivable (net) | 29,448 | 40,900 |
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 | Effect |
|---|---|---|---|
| Cash | $fill in the blank 1 | fill in the blank 2 % | decreaseincrease |
| Accounts Receivable | $fill in the blank 4 | fill in the blank 5 % | decreaseincrease |
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Quality Auditor Guide Theory And Application Made Easy
Authors: Warren Alford
1st Edition
1453899774, 978-1453899779
