Cash and accounts receivable for Adams Company are as follows: Current Year Prior Year Cash $64,800 $54,000 Accounts receivable (net) 58,982 76,600 What are the amounts and percentages of increase or decrease that would be shown with horizontal analysis? 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 Adams Company are as follows: Current Year Prior Year Cash $64,800 $54,000 Accounts receivable (net) 58,982 76,600 What are the amounts and percentages of increase or decrease that would be shown with horizontal analysis? 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: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter7: Receivables And Investments
Section: Chapter Questions
Problem 7.17E
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Cash and
| Current Year | Prior Year | ||
| Cash | $64,800 | $54,000 | |
| Accounts receivable (net) | 58,982 | 76,600 |
What are the amounts and percentages of increase or decrease that would be shown with horizontal analysis?
| 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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