FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The comparative accounts payable and long-term debt balances for a company follow.
Current Year Previous Year
Accounts payable $114,240 $102,000
Long-term debt 127,200 120,000
Based on this information, what is the amount and percentage of increase or decrease that would
be shown on a
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