Question
The comparative accounts payable and long-term debt balances of a company are provided below. 2012 2011 Accounts payable 114,000 100,000 Long-term debt 143,000 130,000 Based
The comparative accounts payable and long-term debt balances of a company are provided below.
2012 2011
Accounts payable 114,000 100,000
Long-term debt 143,000 130,000
Based on this information, what is the amount and percentage of increase or decrease that would be shown in a balance sheet with horizontal analysis?
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
