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The following is a summary of information presented on the financial statements of a company on December 31,2019. tof Account 2019 2018 Current Assets $87.000
The following is a summary of information presented on the financial statements of a company on December 31,2019. tof Account 2019 2018 Current Assets $87.000 $73,000 Accounts Receivable 85,000 81.000 Merchandise Inventory 63,000 56,000 Current Liabilities 53,000 51,000 Long-term Liabilities 44,000 52.000 Common Stock 70,000 57.000 Retained Earnings 68,000 50,000 With respect to long-term liabilities, a horizontal analysis reveals Select one: A. long-term liabilities decreased by $13,000 B. long-term liabilities decreased by 15.38% O C. long-term liabilities decreased by 22.81% D. long-term liabilities decreased by $2000
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