Question: Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Accounts payable Long-term debt Current Year. $111,000 132,680 Previous Year

Horizontal Analysis The comparative accounts payable and long-term debt balances for a

Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Accounts payable Long-term debt Current Year. $111,000 132,680 Previous Year $100,000 124,000 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? Accounts payable Long-term debt Amount of Change Increase/Decrease Percentage % %

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