Question: 7-1 Problem Set: Module Seven - X CengageNOWv2 | Online teachin X + gagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&in... A to G eBook Show Me How Horizontal Analysis The comparative

7-1 Problem Set: Module Seven - X CengageNOWv2 | Online teachin X + gagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&in... A to G eBook Show Me How Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year- Previous Year Accounts payable $87,960 $73,300 Long-term debt 40,194 52,200 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. Amount of Change Increase/ Decrease Percentage Accounts payable 14,660 Increase Long-term debt 12,006 Decrease % Feedback

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