Question
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior Year Cash $53,558 $43,900 Accounts receivable (net) 37,125 67,500
The Cash and Accounts Receivable end-of-year balances for a company are provided below.
| Current Year | Prior Year | ||
| Cash | $53,558 | $43,900 | |
| Accounts receivable (net) | 37,125 | 67,500 |
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 | |||
| Cash | $ | % | |||
| Accounts Receivable | $ | % | |||
increase,decrease
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Audit American Battle Monuments Commissions Financial Statements For Fiscal Years 2011 And 2010
Authors: Government Accountability Office
1st Edition
1492310883, 978-1492310884
