Question: This year an operation has an accounts payable balance on the balance sheet of $189,025. The previous year, the operation had a balance of $166,400

This year an operation has an accounts payable balance on the balance sheet of $189,025. The previous year, the operation had a balance of $166,400 for this same account. What was the operation’s percentage variance in the account?

a. 13.6%

b. -13.6%

c. 12.0%

d. -12.0%

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