Horizontal analysis OBJ. 1 The comparative accounts payable and long-term debt balances for a company follow. Current

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Horizontal analysis OBJ. 1 The comparative accounts payable and long-term debt balances for a company follow.

Current Year Previous Year Accounts payable $111,000 $100,000 Long-term debt 132,680 124,000 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?

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