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

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

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?

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