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Question 14 Horizontal Analysis The comparative temporary investments and inventory balances of a company follow: Current Year Previous Year Accounts payable $81,988 $79,600 Long-term debt

Question 14

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Horizontal Analysis The comparative temporary investments and inventory balances of a company follow: Current Year Previous Year Accounts payable $81,988 $79,600 Long-term debt 45,582 64,200 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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