Question
Horizontal Analysis The comparative accounts payable and long-term debt balances of a company are provided below. 2014 2013 Accounts payable $45,630 $39,000 Long-term debt 45,937
Horizontal Analysis
The comparative accounts payable and long-term debt balances of a company are provided below.
| 2014 | 2013 | |
| Accounts payable | $45,630 | $39,000 |
| Long-term debt | 45,937 | 64,700 |
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 | $ | SelectIncreaseDecreaseItem 2 | % |
| Long-term debt | $ | SelectIncreaseDecreaseItem 5 | % |
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Artificial Intelligence In Accounting Practical Applications
Authors: Cory Ng, John Alarcon
1st Edition
0367542013, 978-0367542016
