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The comparative temporary investments and inventory balances of a company follow. Current Year Previous Year Accounts payable $88,479 $78,300 Long-term debt 43,950 58,600 Based on
The comparative temporary investments and inventory balances of a company follow.
Current Year | Previous Year | |
Accounts payable | $88,479 | $78,300 |
Long-term debt | 43,950 | 58,600 |
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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