Question

Horizontal Analysis

The comparative temporary investments and inventory balances of a company follow.

  Current Year Previous Year
Accounts payable $59,409 $48,300
Long-term debt   44,795   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?

  Amount of Change Increase/Decrease Percentage
Accounts payable $   %
Long-term debt $   %

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