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Horizontal Analysis The comparative temporary investments and inventory balances of a company follow:                                     Current Year Previous Year Accounts payable       $51,212              $43,400 Long-term debt            57,597               78,900 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   $fill in the blank           fill in the blank        fill in the blank Long-term debt      $fill in the blank            fill in the blank        fill in the blank

Horizontal Analysis The comparative temporary investments and inventory balances of a company follow:                                     Current Year Previous Year Accounts payable       $51,212              $43,400 Long-term debt            57,597               78,900 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   $fill in the blank           fill in the blank        fill in the blank Long-term debt      $fill in the blank            fill in the blank        fill in the blank

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter24: Analysis Of Financial Statements
Section: Chapter Questions
Problem 9SPB
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Horizontal Analysis

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

                                    Current Year Previous Year

Accounts payable       $51,212              $43,400

Long-term debt            57,597               78,900

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   $fill in the blank           fill in the blank        fill in the blank

Long-term debt      $fill in the blank            fill in the blank        fill in the blank

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