Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN: 9781337690881
Author: Jay Rich, Jeff Jones
Publisher: Cengage Learning
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The comparative current liabilities balances for December 31, end of the year, for a company are provided below.

 

 

2016

2015

Current liabilities

$180,000

$150,000

Based on this information, what is the percentage of increase or decrease that would be shown in a balance sheet with horizontal analysis?

Group of answer choices
(20.0%)
2.0%
20.0%
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Cornerstones of Financial Accounting
Accounting
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Cengage Learning