Question
The comparative temporary investments and inventory balances of a company follow. Current Year Previous Year Accounts payable $84,246 $73,900 Long-term debt 55,447 62,300 Based on
The comparative temporary investments and inventory balances of a company follow.
| Current Year | Previous Year | |
| Accounts payable | $84,246 | $73,900 |
| Long-term debt | 55,447 | 62,300 |
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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Financial Accounting International Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
6th Edition
978-0470623275
