Question
The Cash and Accounts Receivable end-of-year balances for a company are provided below: 2015 2014 Cash $73,060 $56,200 Accounts receivable (net) $42,070 $60,100 Based on
The Cash and Accounts Receivable end-of-year balances for a company are provided below:
| 2015 | 2014 | ||
| Cash | $73,060 | $56,200 | |
| Accounts receivable (net) | $42,070 | $60,100 |
Based on this information, what is the amount and percentage of increase or decrease that would be shown in a balance sheet with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage.
| Amount | Percentage | |||
| Cash | $ | % | ||
| Accounts Receivable | $ | % | ||
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Intermediate Accounting
Authors: Fred Skousen, James Stice, Earl Kay Stice
14th Edition
0324013078, 9780324013078
