Question
The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $54,644 $71,900 Long-term debt 43,648 35,200 Based
The comparative accounts payable and long-term debt balances for a company follow.
| Current Year | Previous Year | |
| Accounts payable | $54,644 | $71,900 |
| Long-term debt | 43,648 | 35,200 |
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? Enter all answers as positive numbers.
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Managerial Accounting Tools for business decision making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
6th Edition
978-0470477144, 1118096894, 9781118214657, 470477148, 111821465X, 978-1118096895
