The comparative accounts payable and long-term debt balances for a company follow: Current Year Previous Year Accounts
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Question:
The comparative accounts payable and long-term debt balances for a company follow:
Current Year | Previous Year | |||
Accounts payable | $71,595 | 55,500 | ||
Long-term debt | 72,254 | 79,400 |
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?
Related Book For
Corporate Financial Accounting
ISBN: 9781337398169
15th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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