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Horizontal Analysis Cash and accounts receivable for Ashfall Co. are provided below. Prior Year $58,000 $50,000 Current Year Cash Accounts receivable (net) Based on this
Horizontal Analysis
Cash and accounts receivable for Ashfall Co. are provided below. Prior Year $58,000 $50,000 Current Year Cash Accounts receivable (net) Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Use $62,400 $42,000 the minus sign to indicate negative numbers or decreases. Round percent change answer to one decimal place. Account Cash Accounts Receivable Dollar Change Percent Change increase decrease Step by Step Solution
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