Question
The comparative temporary investments and inventory balances of a company follow. Current Year Previous Year Accounts payable $94,248 $79,200 Long-term debt 46,324 62,600 Based on
The comparative temporary investments and inventory balances of a company follow.
| Current Year | Previous Year | |
| Accounts payable | $94,248 | $79,200 |
| Long-term debt | 46,324 | 62,600 |
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?
| Amount of Change | Increase/Decrease | Percentage | |
| Accounts payable | $ | % | |
| Long-term debt | $ | % |
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Cost Accounting Principles And Applications
Authors: Horace R. Brock, Linda Herrington
6th Edition
0028034287, 978-0028034287
