Cash and accounts receivable for Ashfall Co. are as follows: Prior Current Year Year Cash $62,400 $58,000 Accounts receivable (net) 42,000 50,000 Based on this information, what 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 percentages to one decimal place. Account Dollar Change Percent Change Cash Accounts Receivable

Cash and accounts receivable for Ashfall Co. are as follows: Prior Current Year Year Cash $62,400 $58,000 Accounts receivable (net) 42,000 50,000 Based on this information, what 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 percentages to one decimal place. Account Dollar Change Percent Change Cash Accounts Receivable

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter8: Revenue Recognition, Receivables, And Advances From Customers

Section: Chapter Questions

Problem 42P

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