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Horizontal Analysis The comparative temporary investments and inventory balances of a company follow. Current Year Accounts payable Long-term debt $50,830 38,052 Previous Year $39,100 45,300
Horizontal Analysis The comparative temporary investments and inventory balances of a company follow. Current Year Accounts payable Long-term debt $50,830 38,052 Previous Year $39,100 45,300 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? Increase/Decrease Amount of Change $ 11,730 $ 7,248 Percentage 30 % Accounts payable Increase Long-term debt Decrease -16 %
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