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
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 5MC
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The Cash and
| 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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