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The Cash and Accounts Receivable end-of-year balances for a company are provided below.   Current Year   Prior Year Cash $50,895   $37,700 Accounts receivable (net) 17,480   23,000 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 %   Accounts Receivable $fill in the blank 4 fill in the blank 5 %   increase,decrease

The Cash and Accounts Receivable end-of-year balances for a company are provided below.   Current Year   Prior Year Cash $50,895   $37,700 Accounts receivable (net) 17,480   23,000 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 %   Accounts Receivable $fill in the blank 4 fill in the blank 5 %   increase,decrease

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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The Cash and Accounts Receivable end-of-year balances for a company are provided below.

  Current Year   Prior Year
Cash $50,895   $37,700
Accounts receivable (net) 17,480   23,000

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 %  
Accounts Receivable $fill in the blank 4 fill in the blank 5 %  

increase,decrease

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