Question: Horizontal Analysis The comparative accounts payable and long-term debt balances of a company are provided below. 2014 2013 Accounts payable $45,630 $39,000 Long-term debt 45,937

Horizontal Analysis

The comparative accounts payable and long-term debt balances of a company are provided below.

	2014	2013
Accounts payable	$45,630	$39,000
Long-term debt	45,937	64,700

Based on this information, what is the amount and percentage of increase or decrease that would be shown in a balance sheet with horizontal analysis? Enter all answers as positive numbers.

	Amount of Change	Increase/Decrease	Percentage
Accounts payable	$	SelectIncreaseDecreaseItem 2	%
Long-term debt	$	SelectIncreaseDecreaseItem 5	%

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