Cash and accounts receivable for Adams Company are provided below: Current Year Prior Year Cash $40,500 $30,000 Accounts receivable (net) 16,884 25,200 Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease
Cash and accounts receivable for Adams Company are provided below: Current Year Prior Year Cash $40,500 $30,000 Accounts receivable (net) 16,884 25,200 Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Cash and
| Current Year | Prior Year |
||
| Cash | $40,500 | $30,000 | |
| Accounts receivable (net) | 16,884 | 25,200 |
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 | $fill in the blank 1 | fill in the blank 2 % | decrease |
| Accounts Receivable | $fill in the blank 4 | fill in the blank 5 % |
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