Question
Horizontal Analysis The comparative temporary investments and inventory balances of a company follow. Current Year Previous Year Accounts payable $50,502 $44,300 Long-term debt 63,438 65,400
Horizontal Analysis
The comparative temporary investments and inventory balances of a company follow.
| Current Year | Previous Year | |
| Accounts payable | $50,502 | $44,300 |
| Long-term debt | 63,438 | 65,400 |
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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Forensic And Investigative Accounting
Authors: Larry Crumbley, Lester E. Heitger, G. Stevenson Smith
4th Edition
0808021435, 9780808021438
