Question
Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $59,236 $50,200 Long-term debt 45,474
Horizontal Analysis
The comparative accounts payable and long-term debt balances for a company follow.
| Current Year | Previous Year | |
| Accounts payable | $59,236 | $50,200 |
| Long-term debt | 45,474 | 58,300 |
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 Change | Increase/Decrease | Percentage | |
| Accounts payable | $ | Increase | % |
| Long-term debt | $ | Decrease | % |
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Horngrens Financial & Managerial Accounting, The Financial Chapters
Authors: Tracie Miller Nobles, Brenda Mattison
7th Edition
0136505279, 9780136505273
