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Horizontal Analysis The comparative temporary investments and inventory balances of a company follow. Current Year Previous Year Accounts payable $49,060 $44,600 Long-term debt 39,690 40,500

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Horizontal Analysis The comparative temporary investments and inventory balances of a company follow. Current Year Previous Year Accounts payable $49,060 $44,600 Long-term debt 39,690 40,500 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 19% Accounts payable Long-term debt 2%

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