Question

the comparative temporary investments an inventory balances of a company follow. Accounts payable $111,000 $100,000 long-term...

the comparative temporary investments an inventory balances of a company follow.

Accounts payable $111,000 $100,000

long-term debt 132,680 124,000

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?

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Answer #1
Amount Percent
Accounts Payable 11,000 increase 11%
Long term debt 8680 increase 7%

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