Question
Horizontal Analysis The comparative temporary investments and inventory balances of a company follow. Current Year Previous Year Accounts payable $36,924 $36,200 Long-term debt 59,280 78,000
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Horizontal Analysis
The comparative temporary investments and inventory balances of a company follow.
Current Year Previous Year Accounts payable $36,924 $36,200 Long-term debt 59,280 78,000 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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Auditing a risk based approach to conducting a quality audit
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
9th edition
9781133939160, 1133939155, 1133939163, 978-1133939153
