Question
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior Year Cash $45,424 $33,400 Accounts receivable (net) 47,190 71,500
The Cash and Accounts Receivable end-of-year balances for a company are provided below.
| Current Year | Prior Year | ||
| Cash | $45,424 | $33,400 | |
| Accounts receivable (net) | 47,190 | 71,500 |
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 | $fill in the blank 1 | fill in the blank 2 % | |||
| Accounts Receivable | $fill in the blank 4 | fill in the blank 5 % | |||
increase,decrease
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Accounting Principles
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
7th Canadian Edition Volume 2
1119048478, 978-1119048473
