The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $67,712 $52,900 Long-term debt 30,966 39,700 Based on this information, what is the amount and percentage of increase or decrease that would be shown as positive numbers.

The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $67,712 $52,900 Long-term debt 30,966 39,700 Based on this information, what is the amount and percentage of increase or decrease that would be shown as positive numbers.

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 1PEB

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Question

The comparative accounts payable and long-term debt balances for a company follow.
Current Year Previous Year
Accounts payable
$67,712
$52,900
Long-term debt
30,966
39,700
Based on this information, what is the amount and percentage of increase or decrease that would be shown on a
as positive numbers.
Amount of Change
Increase/Decrease
Percentage
Accounts payable
Long-term debt

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