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Cash and accounts receivable for Ashfall Co. are provided below.   Current Year   Prior Year Cash $62,400   $58,000 Accounts receivable (net) $42,000   $50,000 Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Use the minus sign to indicate negative numbers or decreases. Round percent change answer to one decimal place. Account Dollar Change Percent Change   Cash $fill in the blank 1 fill in the blank 2 %   Accounts Receivable $fill in the blank 4 fill in the blank 5 %

Cash and accounts receivable for Ashfall Co. are provided below.   Current Year   Prior Year Cash $62,400   $58,000 Accounts receivable (net) $42,000   $50,000 Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Use the minus sign to indicate negative numbers or decreases. Round percent change answer to one decimal place. Account Dollar Change Percent Change   Cash $fill in the blank 1 fill in the blank 2 %   Accounts Receivable $fill in the blank 4 fill in the blank 5 %

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Cash and accounts receivable for Ashfall Co. are provided below.

  Current Year   Prior Year
Cash $62,400   $58,000
Accounts receivable (net) $42,000   $50,000

Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Use the minus sign to indicate negative numbers or decreases. Round percent change answer to one decimal place.

Account Dollar Change Percent Change  
Cash $fill in the blank 1 fill in the blank 2 %  
Accounts Receivable $fill in the blank 4 fill in the blank 5 %  
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