Cash and accounts receivable for Adams Company are provided below: Current Year Prior Year Cash $63,562 $52,100
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Question:
Cash and accounts receivable for Adams Company are provided below:
Current Year | Prior Year | ||
Cash | $63,562 | $52,100 | |
Accounts receivable (net) | 24,150 | 34,500 |
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 | decrease or increase |
Cash | $ | % | |
Accounts Receivable | $ | % |
Related Book For
Fraud Examination
ISBN: 978-0324560848
3rd edition
Authors: W. Steve Albrecht, Conan C. Albrecht, Chad O. Albrecht, Mark F. Zimbelman
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