Cash and accounts receivable for Adams Company are provided below:
$\begin{array}{lrr}
&\underline {\text { Current Year}}&\underline {\text { Prior Year}}\
\text { Cash } & \$ 70,000 & \$ 50,000 \
\text { Accounts receivable net } & 70,400 & 80,000
\end{array}$ What is the amount and percentage of increase or decrease that would be shown with horizontal analysis?

Question

Cash and accounts receivable for Adams Company are provided below:
 $\begin{array}{lrr}
&\underline {\text { Current Year}}&\underline {\text { Prior Year}}\
\text { Cash } & \$ 70,000 & \$ 50,000 \
\text { Accounts receivable net } & 70,400 & 80,000
\end{array}$ What is the amount and percentage of increase or decrease that would be shown with horizontal analysis?

Quizplus · Accepted Answer

The Answer of Cash and accounts receivable for Adams Company are provided below:
 $\begin{array}{lrr}
&\underline {\text { Current Year}}&\underline {\text { Prior Year}}\
\text { Cash } & \$ 70,000 & \$ 50,000 \
\text { Accounts receivable net } & 70,400 & 80,000
\end{array}$ What is the amount and percentage of increase or decrease that would be shown with horizontal analysis?

Cash and Accounts Receivable for Adams Company Are Provided Below