Question
The comparative accounts payable and long-term debt balances of a company are provided below. Current Year Previous Year Accounts payable $45,656 $43,900 Long-term debt 54,290
The comparative accounts payable and long-term debt balances of a company are provided below.
| Current Year | Previous Year | |
| Accounts payable | $45,656 | $43,900 |
| Long-term debt | 54,290 | 61,000 |
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? Enter all answers as positive numbers.
| Amount of Change | Increase/Decrease | Percentage | |
| Accounts payable | $ | % | |
| Long-term debt | $ | % |
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A Textbook Of Accounting For Management
Authors: S.N. Maheshwari
3rd Edition
9325956195, 978-9325956193
