Cash and accounts receivable for Ashfall Co.are provided below:
$\begin{array}{lrr}
& \underline {\text { Current Year }}& \underline {\text { Prior Year}}\
\text { Cash} &\$ 62,400 & \$ 58,000 \
\text { Accounts receivable net} &42,000 & 50,000
\end{array}$ 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

Cash and accounts receivable for Ashfall Co.are provided below:
 $\begin{array}{lrr}
&  \underline {\text { Current Year }}& \underline {\text { Prior Year}}\
\text { Cash} &\$ 62,400 & \$ 58,000 \
\text { Accounts receivable net} &42,000 & 50,000
\end{array}$ 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?

Quizplus · Accepted Answer

The Answer of Cash and accounts receivable for Ashfall Co.are provided below:
 $\begin{array}{lrr}
&  \underline {\text { Current Year }}& \underline {\text { Prior Year}}\
\text { Cash} &\$ 62,400 & \$ 58,000 \
\text { Accounts receivable net} &42,000 & 50,000
\end{array}$ 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 Based on This Information,what Is the Amount and Percentage of