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Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year $54,684 57,428 Previous Year Accounts payable $43,400 Long-term debt 58,600 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.

Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year $54,684 57,428 Previous Year Accounts payable $43,400 Long-term debt 58,600 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.

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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Module 7 Problem Set 1. BE.14.06.ALGO 2. BE.14.05.ALGO 3. BE.14.11.ALGO 4. BE.14.08.ALGO 5. BE.14.02.ALGO 6. BE.14.04.ALGO 7. BE.14.09.ALGO 8. BE.14.03.ALGO 9. BE.14.10.ALGO 10. BE.14.01.ALGO Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Accounts payable Long-term debt Accounts payable Long-term debt 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. $54,684 57,428 Previous Year Amount of Change $43,400 58,600 Increase/Decrease Percentage % %
Transcribed Image Text:Module 7 Problem Set 1. BE.14.06.ALGO 2. BE.14.05.ALGO 3. BE.14.11.ALGO 4. BE.14.08.ALGO 5. BE.14.02.ALGO 6. BE.14.04.ALGO 7. BE.14.09.ALGO 8. BE.14.03.ALGO 9. BE.14.10.ALGO 10. BE.14.01.ALGO Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Accounts payable Long-term debt Accounts payable Long-term debt 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. $54,684 57,428 Previous Year Amount of Change $43,400 58,600 Increase/Decrease Percentage % %
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