The Cash and Accounts Receivable end-of-year balances for a company are provided below. ...
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Accounting
The Cash and Accounts Receivable end-of-year balances for a company are provided below.
Current Year
Prior Year
Cash
$57,564
$49,200
Accounts receivable (net)
35,670
61,500
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
$
%
Accounts Receivable
$
%
Answer & Explanation
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