Question
Cash and accounts receivable for Adams Company are provided below: Current Year Prior Year Cash$90,480 $69,600 Accounts receivable (net) 24,882 31,900 Based on this information,
Cash and accounts receivable for Adams Company are provided below:
Current Year Prior Year
Cash$90,480 $69,600
Accounts receivable (net) 24,882 31,900
Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage.
AccountDollar ChangePercent Change
Cash$ %
Accounts Receivable$ %
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Fundamentals Of Cost Accounting
Authors: Michael W Maher, William N. Lanen, Madhav V. Rajan
1st Edition
0073018376, 978-0073018379
