Question: Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $46,725 $44,500 Long-term debt 42,978

Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $46,725 $44,500 Long-term debt 42,978 49,400 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 Percentage Accounts payable Increase/Decrease Increase Decrease 96 Long-term debt 90 Feedback Check My Work Calculate the change in the amount and divide by the base (older) year amount to determine the horizontal analysis percentages. Check My Work All work saved. Email Instructor Save and Exit Submit Assignment for Grading

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