Question
Cash and accounts receivable for Adams Company are provided below: Current Year Prior Year Cash $81,576 $61,800 Accounts receivable (net) 26,134 35,800 Based on this
Cash and accounts receivable for Adams Company are provided below:
| Current Year | Prior Year | ||
| Cash | $81,576 | $61,800 | |
| Accounts receivable (net) | 26,134 | 35,800 |
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 | |
| Cash | $ | decrease OR increase | |
| Accounts Receivable | $ | decreaseOR increase |
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
