Question
Horizontal analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $65,400 $60,000 Long-term debt 35,397
Horizontal analysis
The comparative accounts payable and long-term debt balances for a company follow.
| Current Year | Previous Year | |
| Accounts payable | $65,400 | $60,000 |
| Long-term debt | 35,397 | 43,700 |
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.
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Financial Accounting A Critical Approach
Authors: John Friedlan
1st Edition
0130193720, 978-0130193728
