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What is the amount and percentage of increase

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Horizontal Analysis

The comparative accounts payable and long-term debt balances for a company follow.

                                    Current Year                      Previous Year

Accounts payable                    $33,744                        $44,400

Long-term debt                       69,664                          62,200

Question 1: 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?

Reference no: EM132604458

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