question archive The comparative accounts payable and long-term debt balances of a company are provided below
The comparative accounts payable and long-term debt balances of a company are provided below
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The comparative accounts payable and long-term debt balances of a company are provided below.
| Current Year | Previous Year | |
| Accounts payable | $60,996 | $78,200 |
| Long-term debt | 68,904 | 63,800 |
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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