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Question
Cash and accounts receivable for Ashfall Co. are as follows:
| 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? Round percentages to one decimal place.
Answer
This answer is hidden. It contains 103 characters.
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