Question
The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $46,050 $61,400 Long-term debt 92,000 80,000 Based
The comparative accounts payable and long-term debt balances for a company follow.
| Current Year | Previous Year | |
| Accounts payable | $46,050 | $61,400 |
| Long-term debt | 92,000 | 80,000 |
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? Enter all answers as positive numbers.
| Amount of Change | Increase/Decrease | Percentage | |
| Accounts payable | $fill in the blank 1 | IncreaseDecreaseDecrease | fill in the blank 3 % |
| Long-term debt | $fill in the blank 4 | IncreaseDecreaseIncrease | fill in the blank 6 % |
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Aubrey Wilsons Marketing Audit Check Lists A Guide To Effective Marketing Resource Realization
Authors: Aubrey Wilson
1st Edition
0070845743, 978-0070845749
