Question Content Area Cash and accounts receivable for Adams Company are as follows: Line Item Description Current Year Prior Year Cash $51,246 $43,800 Accounts receivable (net) 17,596 33,200 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 Effect Cash $fill in the blank 1 fill in the blank 2 % Accounts Receivable $fill in the blank 4 fill in the blank 5 %
Question Content Area Cash and accounts receivable for Adams Company are as follows: Line Item Description Current Year Prior Year Cash $51,246 $43,800 Accounts receivable (net) 17,596 33,200 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 Effect Cash $fill in the blank 1 fill in the blank 2 % Accounts Receivable $fill in the blank 4 fill in the blank 5 %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Question Content Area
Cash and
| Line Item Description | Current Year | Prior Year |
|---|---|---|
| Cash | $51,246 | $43,800 |
| Accounts receivable (net) | 17,596 | 33,200 |
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 | Effect |
|---|---|---|---|
| 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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