Question
Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current YearPrevious Year Accounts payable$53,346$52,300Long-term debt68,43275,200 Based on this information, what
Horizontal Analysis
The comparative accounts payable and long-term debt balances for a company follow.
Current YearPrevious YearAccounts payable$53,346$52,300Long-term debt68,43275,200
Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Enter all answers as positive numbers.
Amount of ChangeIncrease/DecreasePercentageAccounts payable$
%Long-term debt$
%
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
25th Edition
1260247988, 978-1260247985
