Question
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior Year Cash $77,348 $63,400 Accounts receivable (net) 42,883 70,300
The Cash and Accounts Receivable end-of-year balances for a company are provided below.
| Current Year | Prior Year | ||
| Cash | $77,348 | $63,400 | |
| Accounts receivable (net) | 42,883 | 70,300 |
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
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Challenge Of Management Accounting Change
Authors: John Burns, Mahmoud Ezzamel, Robert Scapens
1st Edition
075066004X, 978-0750660044
