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Horizontal Analysis The comparative temporary investments and inventory balances of a company follow: Current Year Previous Year Accounts payable Long-term debt $79,360 28,046 $62,000

Horizontal Analysis The comparative temporary investments and inventory balances of a company follow: Current Year Previous Year Accounts payable Long-term debt $79,360 28,046 $62,000 37,900 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 Accounts payable Long-term debt Increase/crease Percentage % 96

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