Question
The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $84,249 $75,900 Long-term debt 66,120 69,600 Based
The comparative accounts payable and long-term debt balances for a company follow.
| Current Year | Previous Year | |
| Accounts payable | $84,249 | $75,900 |
| Long-term debt | 66,120 | 69,600 |
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 | fill in the blank 3 % | |
| Long-term debt | $fill in the blank 4 | fill in the blank 6 % |
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Financial Accounting
Authors: Dr Carl S. Warren, Dr James M. Reeve, Philip E. Fess
9th Edition
032418803X, 978-0324188035
