Question
Horizontal Analysis The comparative temporary investments and inventory balances of a company follow. Current Year Previous Year Accounts payable $75,057 $59,100 Long-term debt 60,350 71,000
Horizontal Analysis
The comparative temporary investments and inventory balances of a company follow.
| Current Year | Previous Year | |
| Accounts payable | $75,057 | $59,100 |
| Long-term debt | 60,350 | 71,000 |
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?
| Amount of Change | Increase/Decrease | Percentage | |
| Accounts payable | $ | % | |
| Long-term debt | $ | % |
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Information Systems Audit In Banking Sector A Study Of SBI And ICICI Banks
Authors: C. Mallesha, M. Sulochana
1st Edition
6200254397, 978-6200254399
