The comparative accounts payable and long-term debt balances for a company follow. 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 balance sheet with horizontal analysis? Enter all answers as positive numbers. Amount of Change Increase/Decrease Percentage Accounts payable % Long-term debt %

The comparative accounts payable and long-term debt balances for a company follow. 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 balance sheet with horizontal analysis? Enter all answers 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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