Cash and accounts receivable for Ashfall Co. are provided below:
Current Year
Prior Year
Cash
$62,400
$58,000
Accounts receivable net)42,000
50,000
Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis?

Question

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The Answer of Cash and accounts receivable for Ashfall Co. are provided below:
Current Year
Prior Year
Cash
$62,400
$58,000
Accounts receivable net)42,000
50,000
Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis?

Cash and Accounts Receivable for Ashfall Co