The Cash and Accounts Receivable end-of-year balances for a company are provided below: ...

70.2K

Verified Solution

Question

Accounting

The Cash and Accounts Receivable end-of-year balances for a company are provided below:

2015 2014
Cash $73,060 $56,200
Accounts receivable (net) $42,070 $60,100

Based on this information, what is the amount and percentage of increase or decrease that would be shown in a balance sheet with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage.

Amount Percentage
Cash $ %
Accounts Receivable $ %

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students