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The comparative accounts payable and long-term debt balances for a company follow. 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?
Financial And Managerial Accounting
Solutions
Financial And Managerial Accounting
The comparative accounts payable and long-term debt balances for a company follow.
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?
Determine the amount and percentage of increase or decrease to be shown on the balance sheet with horizontal analysis.
Explanation of Solution
Horizontal Analysis
Horizontal analysis refers to the measurement of percentage change in the comparative financial statements. It compares the items from the financial statements from one to the other years, and indicates the trends.
Formula to calculate the change in amount:
Formula to calculate the change in percentage:
Prepare the horizontal analysis to determine the amount and percentage of increase or decrease to be shown on the balance sheet with horizontal analysis
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