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Question: horizontal analysis the comparative accounts payable and longterm debt balances...

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Horizontal Analysis

The comparative accounts payable and long-term debt balances of a company are provided below.

Current Year Previous Year
Accounts payable $52,076 $55,400
Long-term debt 77,066 68,200

Based on this information, what is the amount and percentage of increase or decrease that would be shown in a balance sheet with horizontal analysis? Enter all answers as positive numbers.

Amount of Change Increase/Decrease Percentage
Accounts payable $ %
Long-term debt $ %
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