FINANCIAL ACCOUNTING
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 balance sheet with horizontal analysis? Enter all answers as positive numbers.

Horizontal Analysis
The comparative accounts payable and long-term debt balances for a company follow.
Current Year
Previous Year
$63,500
52,700
Accounts payable
Long-term debt
$79,375
43,741
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.
Accounts payable
Long-term debt
Amount of Change
Increase/Decrease
Percentage
%
%
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Transcribed Image Text:Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year $63,500 52,700 Accounts payable Long-term debt $79,375 43,741 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. Accounts payable Long-term debt Amount of Change Increase/Decrease Percentage % %
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