Cash and accounts receivable for Adams Company are as follows: Current Prior Year Year Cash Accounts receivable (net) 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 $ X % X % Cash Accounts Receivable $70,000 $50,000 70,400 80,000 X X increase - ✓ decrease ✓

Cash and accounts receivable for Adams Company are as follows: Current Prior Year Year Cash Accounts receivable (net) 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 $ X % X % Cash Accounts Receivable $70,000 $50,000 70,400 80,000 X X increase - ✓ decrease ✓

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Which of the following is a correct statement? Beginning cash balance is equivalent to the previous period's ending cash balance. Total expenses/outflow does not include cost of goods sold. Cumulative surplus (deficit) is a sum of previous periods' surplus (deficit). A month's surplus (deficit) = cash outflows - cash inflows
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