The Cash and Accounts Receivable end-of-year balances for a company are provided below: Current Year Prior Year
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Question:
The Cash and Accounts Receivable end-of-year balances for a company are provided below:
Current Year | Prior Year | ||
Cash | $77,128 | $62,200 | |
Accounts receivable (net) | 56,374 | 79,400 |
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 | $ | % |
Accounts Receivable | $ | % |
Related Book For
Accounting Business Reporting for Decision Making
ISBN: 9780730302414
4th edition
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
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