Question
The comparative temporary investments and inventory balances of a company follow. Current Year Previous Year Accounts payable $61,694 $56,600 Long-term debt 65,772 78,300 Based on
The comparative temporary investments and inventory balances of a company follow.
| Current Year | Previous Year | |
| Accounts payable | $61,694 | $56,600 |
| Long-term debt | 65,772 | 78,300 |
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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ISE International Accounting
Authors: Timothy Doupnik, Mark Finn, Giorgio Gotti, Hector Perera
5th Edition
1260547981, 9781260547986
