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Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year $74,700 52,200 Accounts payable Long-term debt $58,266 58,464 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. Accounts payable Long-term debt Increase/Decrease Decrease Increase Percentage % %

Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year $74,700 52,200 Accounts payable Long-term debt $58,266 58,464 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. Accounts payable Long-term debt Increase/Decrease Decrease Increase Percentage % %

FINANCIAL ACCOUNTING
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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Horizontal Analysis: The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year $74,700 52,200 Accounts payable Long-term debt $58,266 58,464 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. Accounts payable Long-term debt Increase/Decrease Decrease Increase Percentage % % 7
Transcribed Image Text:Horizontal Analysis: The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year $74,700 52,200 Accounts payable Long-term debt $58,266 58,464 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. Accounts payable Long-term debt Increase/Decrease Decrease Increase Percentage % % 7
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