FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Cash and accounts receivable for Adams Company are as follows: Cash $84,420 Accounts receivable (net) 38,428 What are the amounts and percentages of increase or decrease that would be shown with horizontal analysis? Dollar Change Percent Change Account Cash Current Year Accounts Receivable Prior Year $67,000 73,900 % % increase decrease
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Transcribed Image Text:Cash and accounts receivable for Adams Company are as follows: Cash $84,420 Accounts receivable (net) 38,428 What are the amounts and percentages of increase or decrease that would be shown with horizontal analysis? Dollar Change Percent Change Account Cash Current Year Accounts Receivable Prior Year $67,000 73,900 % % increase decrease
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