Cash and accounts receivable for Adams Company are provided below: Prior Year Cash $50,799 $41,300 Accounts receivable (net) 26,163 45,900 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. Dollar Change Percent Change Account Current Year Cash Accounts Receivable %
Cash and accounts receivable for Adams Company are provided below: Prior Year Cash $50,799 $41,300 Accounts receivable (net) 26,163 45,900 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. Dollar Change Percent Change Account Current Year Cash Accounts Receivable %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Cash and accounts receivable for Adams Company are provided below:
Prior
Year
Current
Year
Cash
$50,799
Accounts receivable (net)
26,163
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
Accounts Receivable
$41,300
45,900](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F161bb000-4429-4b74-9f45-3098cdb2d833%2Ff09d39e5-3bf5-4987-bc5e-502e2754b939%2Ffjc9hqcgg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Cash and accounts receivable for Adams Company are provided below:
Prior
Year
Current
Year
Cash
$50,799
Accounts receivable (net)
26,163
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
Accounts Receivable
$41,300
45,900
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