FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Horizontal Analysis
The comparative accounts payable and long-term debt balances for a company follow.
Current Year | Previous Year | |
Accounts payable | $79,375 | $63,500 |
Long-term debt | 43,741 | 52,700 |
Based on this information, what is the amount and percentage of increase or decrease that would be shown on a
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