The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $67,712 $52,900 Long-term debt 30,966 39,700 Based on this information, what is the amount and percentage of increase or decrease that would be shown as positive numbers.

The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $67,712 $52,900 Long-term debt 30,966 39,700 Based on this information, what is the amount and percentage of increase or decrease that would be shown as positive numbers.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Question

The comparative accounts payable and long-term debt balances for a company follow.
Current Year Previous Year
Accounts payable
$67,712
$52,900
Long-term debt
30,966
39,700
Based on this information, what is the amount and percentage of increase or decrease that would be shown on a
as positive numbers.
Amount of Change
Increase/Decrease
Percentage
Accounts payable
Long-term debt

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