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

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.3.1MBA
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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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