The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts
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Question:
The comparative accounts payable and long-term debt balances for a company follow.
Current Year | Previous Year | |
Accounts payable | $54,644 | $71,900 |
Long-term debt | 43,648 | 35,200 |
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? Enter all answers as positive numbers.
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