Question
Horizontal Analysis The comparative accounts payable and long-term debt balances of a company are provided below. Current Year Previous Year Accounts payable $64,692 $59,900 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 | $64,692 | $59,900 |
| Long-term debt | 59,598 | 77,400 |
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 | $ | % | |
| Long-term debt | $ | % |
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Accounting Information System
Authors: James A. Hall
7th Edition
978-1439078570, 1439078572
