Current Year Previous Year Accounts payable $46,052 $39,700 Long-term debt 36,177 38,900 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? Amount of Change Increase/Decrease Percentage

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Current Year
Previous Year
Accounts payable
$46,052
$39,700
Long-term debt
36,177
38,900
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?
Amount of Change
Increase/Decrease
Percentage
Transcribed Image Text:Current Year Previous Year Accounts payable $46,052 $39,700 Long-term debt 36,177 38,900 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? Amount of Change Increase/Decrease Percentage
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