Question
Horizontal Analysis The comparative temporary investments and inventory balances of a company follow: Current Year Previous Year Accounts payable $70,085 $65,500 Long-term debt 57,792 68,800
Horizontal Analysis
The comparative temporary investments and inventory balances of a company follow:
| Current Year | Previous Year | |
| Accounts payable | $70,085 | $65,500 |
| Long-term debt | 57,792 | 68,800 |
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 | $ fill in the blank | fill in the blank | |
| Long-term debt | $ fill in the blank | fill in the blank |
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Mcgraw Hills Homework Manager Access Code To Accompany Introduction To Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen
3rd Edition
0073264938, 978-0073264936
