Question
Horizontal Analysis The comparative accounts payable and long-term debt balances of a company are provided below. Current Year Previous Year Accounts payable $71,110 $54,700 Long-term
Horizontal Analysis
The comparative accounts payable and long-term debt balances of a company are provided below.
| Current Year | Previous Year | |
| Accounts payable | $71,110 | $54,700 |
| Long-term debt | 59,800 | 65,000 |
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? Enter all answers as positive numbers.
| Amount of Change | Increase/Decrease | Percentage | |
| Accounts payable | $ | Increase | % |
| Long-term debt | $ | Decrease | % |
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Financial Accounting Oakton Community College Tools For Business Decision Making
Authors: Paul D. Kimmel ,Jerry J. Weygandt ,Donald E. Kieso
6th Edition
1118113632, 978-1118113639
