Current Year Previous Year Accounts payable $67,712 $52,900 Long-term debt 30,966 39,700 Based on this information, what is the amount and percentage of increase or decrease that would be shown on a as positive numbers. Amount of Change Increase/Decrease Percentage Accounts payable Long-term debt

Current Year Previous Year Accounts payable $67,712 $52,900 Long-term debt 30,966 39,700 Based on this information, what is the amount and percentage of increase or decrease that would be shown on a as positive numbers. Amount of Change Increase/Decrease Percentage Accounts payable Long-term debt

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Current Year
Previous Year
Accounts payable
$67,712
$52,900
Long-term debt
30,966
39,700
Based on this information, what is the amount and percentage of increase or decrease that would be shown on a
as positive numbers.
Amount of Change
Increase/Decrease
Percentage
Accounts payable
%
Long-term debt
%

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