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The comparative accounts payable and long-term debt balances for a company follow: Accounts payable Long-term debt Current Year Accounts payable Long-term debt Previous Year $116,280
The comparative accounts payable and long-term debt balances for a company follow: Accounts payable Long-term debt Current Year Accounts payable Long-term debt Previous Year $116,280 129,600 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 $102,000 120,000 Increase/Decrease Percentage % %
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Research Methods In Accounting
Authors: Malcolm Smith
5th Edition
1526490676, 978-1526490674
