Horizontal analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable Long-term debt $29,592 77,658 $41,100 60,200 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? Enter all answers as positive numbers. Amount of Change Increase/Decrease Accounts payable 11,508 Decrease Long-term debt 17,458 Increase Percentage 2.8 X % 2.9 X %
Horizontal analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable Long-term debt $29,592 77,658 $41,100 60,200 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? Enter all answers as positive numbers. Amount of Change Increase/Decrease Accounts payable 11,508 Decrease Long-term debt 17,458 Increase Percentage 2.8 X % 2.9 X %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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