Question
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior Year Cash $55,814 $47,300 Accounts receivable (net) 35,332 48,400
The Cash and Accounts Receivable end-of-year balances for a company are provided below.
Current Year Prior Year
Cash $55,814 $47,300
Accounts receivable (net) 35,332 48,400
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 $ %
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Financial Accounting
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
8th edition
978-1118953907, 9781118953808, 1118953908, 1118953800, 978-1119491057
