Question
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior Year Cash $57,564 $49,200 Accounts receivable (net) 35,670 61,500
The Cash and Accounts Receivable end-of-year balances for a company are provided below.
| Current Year | Prior Year | ||
| Cash | $57,564 | $49,200 | |
| Accounts receivable (net) | 35,670 | 61,500 |
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 | $ | % | |||
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Financial Accounting A Critical Approach
Authors: John Friedlan
3rd Edition
0070967601, 978-0070967601
