Question
The Cash and Accounts Receivable end-of-year balances for a company are provided below: Current Year Prior Year Cash $73,450 $56,500 Accounts receivable (net) 17,487 26,100
The Cash and Accounts Receivable end-of-year balances for a company are provided below:
| Current Year | Prior Year | ||
| Cash | $73,450 | $56,500 | |
| Accounts receivable (net) | 17,487 | 26,100 |
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.
| Amount | Percentage | |||
| Cash | $fill in the blank 1 | fill in the blank 2 % | ||
| Accounts Receivable | $fill in the blank 3 | fill in the blank 4 % | ||
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Computerized Accounting Using QuickBooks Pro 2020
Authors: Alvin A. Arens, D. Dewey Ward, Carol J. Borsum
6th Edition
0912503793, 9780912503790
