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Horizontal Analysis The comparative temporary Investments and inventory balances of a company follow: Current Year Previous Year Accounts payable $47,670 $45,400 Long-term debt 51,800 70,000

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Horizontal Analysis The comparative temporary Investments and inventory balances of a company follow: Current Year Previous Year Accounts payable $47,670 $45,400 Long-term debt 51,800 70,000 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 debit 13

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