Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year $54,684 57,428 Previous Year Accounts payable $43,400 Long-term debt 58,600 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.

Accounting Information Systems
11th Edition
ISBN:9781337552127
Author:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Chapter9: Controlling Information Systems: Business Process And Application Controls
Section: Chapter Questions
Problem 3SP: Figure 9.10 lists 10 control plans from this chapter and three control goals for the information...
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Module 7 Problem Set
1. BE.14.06.ALGO
2. BE.14.05.ALGO
3. BE.14.11.ALGO
4. BE.14.08.ALGO
5. BE.14.02.ALGO
6. BE.14.04.ALGO
7. BE.14.09.ALGO
8. BE.14.03.ALGO
9. BE.14.10.ALGO
10. BE.14.01.ALGO
Horizontal Analysis
The comparative accounts payable and long-term debt
balances for a company follow.
Current Year
Accounts payable
Long-term debt
Accounts payable
Long-term debt
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.
$54,684
57,428
Previous Year
Amount of Change
$43,400
58,600
Increase/Decrease
Percentage
%
%
Transcribed Image Text:Module 7 Problem Set 1. BE.14.06.ALGO 2. BE.14.05.ALGO 3. BE.14.11.ALGO 4. BE.14.08.ALGO 5. BE.14.02.ALGO 6. BE.14.04.ALGO 7. BE.14.09.ALGO 8. BE.14.03.ALGO 9. BE.14.10.ALGO 10. BE.14.01.ALGO Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Accounts payable Long-term debt Accounts payable Long-term debt 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. $54,684 57,428 Previous Year Amount of Change $43,400 58,600 Increase/Decrease Percentage % %
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