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Horizontal Analysis The comparative temporary investments and inventory balances of a company follow. Current Year Previous Year Accounts payable $84,014 $70,600 Long-term debt 50,160 52,800
Horizontal Analysis
The comparative temporary investments and inventory balances of a company follow.
| Current Year | Previous Year | |
| Accounts payable | $84,014 | $70,600 |
| Long-term debt | 50,160 | 52,800 |
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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