The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $49,530 $39,000 Long-term debt 56,518 73,400 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.
The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $49,530 $39,000 Long-term debt 56,518 73,400 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Horizontal Analysis
The comparative accounts payable and long-term debt balances for a company follow.
| Current Year | Previous Year | |
| Accounts payable | $49,530 | $39,000 |
| Long-term debt | 56,518 | 73,400 |
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 1 |
|
fill in the blank 3 % |
| Long-term debt | $fill in the blank 4 |
|
fill in the blank 6 % |
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