The comparative temporary investments and inventory balances of a company follow:   Current Year Previous Year Accounts payable $102,144 $79,800 Long-term debt   48,692   51,800 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 1   fill in the blank 3% Long-term debt $fill in the blank 4   fill in the blank 6%

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The comparative temporary investments and inventory balances of a company follow:

  Current Year Previous Year
Accounts payable $102,144 $79,800
Long-term debt   48,692   51,800

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 1
 
fill in the blank 3%
Long-term debt $fill in the blank 4
 
fill in the blank 6%
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