Question
Horizontal Analysis The comparative temporary investments and inventory balances of a company follow. Current Year Previous Year Accounts payable $96,375 $77,100 Long-term debt 32,412 43,800
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Horizontal Analysis
The comparative temporary investments and inventory balances of a company follow.
Current Year Previous Year Accounts payable $96,375 $77,100 Long-term debt 32,412 43,800 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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Working Papers Chapters 1 14 For Warren Jones Tayler S Financial And Managerial Accounting
Authors: Carl S. Warren ,Jefferson P. Jones ,William Tayler
16th Edition
0357714113, 978-0357714119
