Cash and accounts receivable for Adams Company are provided below: $$\begin{array} { l r r }
& \text { Current Year } & \text { Prior Year } \
\text { Cash } & \$ 70,000 & \$ 50,000 \
\text { Accounts receivable (net) } & 70,400 & 80,000
\end{array}$$
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: $$\begin{array} { l r r } 
& \text { Current Year } & \text { Prior Year } \
\text { Cash } & \$ 70,000 & \$ 50,000 \
\text { Accounts receivable (net) } & 70,400 & 80,000
\end{array}$$ ​
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: $$\begin{array} { l r r } 
& \text { Current Year } & \text { Prior Year } \
\text { Cash } & \$ 70,000 & \$ 50,000 \
\text { Accounts receivable (net) } & 70,400 & 80,000
\end{array}$$ ​
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