Horizontal Analysis The comparative temporary investments and inventory balances of a company follow: Current Year Previous Year Accounts payable $51,212 $43,400 Long-term debt 57,597 78,900 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 Accounts payable $fill in the blank fill in the blank fill in the blank Long-term debt $fill in the blank fill in the blank fill in the blank
Horizontal Analysis The comparative temporary investments and inventory balances of a company follow: Current Year Previous Year Accounts payable $51,212 $43,400 Long-term debt 57,597 78,900 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 Accounts payable $fill in the blank fill in the blank fill in the blank Long-term debt $fill in the blank fill in the blank fill in the blank
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Horizontal Analysis
The comparative temporary investments and inventory balances of a company follow:
Current Year | Previous Year |
Accounts payable $51,212 $43,400
Long-term debt 57,597 78,900
Based on this information, what is the amount and percentage of increase or decrease that would be shown on a
Amount of Change | Increase/Decrease | Percentage |
Accounts payable $fill in the blank fill in the blank fill in the blank
Long-term debt $fill in the blank fill in the blank fill in the blank
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