Question
The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $111,000 $100,000 Long-term debt 132,680 124,000 Based
The comparative accounts payable and long-term debt balances for a company follow.
| Current Year | Previous Year | |||
| Accounts payable | $111,000 | $100,000 | ||
| Long-term debt | 132,680 | 124,000 | ||
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 debt | $ | % |
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Auditing Concepts And Methods A Guide To Current Auditing Theory And Practice
Authors: Mcgraw-Hill
5th Edition
0070099995, 978-0070099999
