The comparative temporary investments and inventory balances of a company follow. Current Year Previous Year Accounts payable $78,132 $76,600 Long-term debt 41,085 49,500 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 $ % Long-term debt $ %
The comparative temporary investments and inventory balances of a company follow. Current Year Previous Year Accounts payable $78,132 $76,600 Long-term debt 41,085 49,500 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 $ % Long-term debt $ %
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 6MCQ
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The comparative temporary investments and inventory balances of a company follow.
Current Year | Previous Year | |
Accounts payable | $78,132 | $76,600 |
Long-term debt | 41,085 | 49,500 |
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 | $ | % | |
Long-term debt | $ | % |
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