The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior Year Cash $46,280 $35,600 Accounts receivable (net) 17,050 31,000 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 $46,280 $35,600 Accounts receivable (net) 17,050 31,000 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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The Cash and
| Current Year | Prior Year | ||
| Cash | $46,280 | $35,600 | |
| Accounts receivable (net) | 17,050 | 31,000 |
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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Step 1
Comparative balance sheet used to compare the financial statement of two or more periods. It is helpful for the management to find out the trend or direction and take appropriate action.
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