8. The comparative temporary investments and inventory balances of a company follow. Current Year Previous...
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8. The comparative temporary investments and inventory balances of a company follow. Current Year Previous Year Accounts payable $71,456 $63,800 Long-term debt 56,672 73,600 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? Amount of Change Increase/Decrease Percentage Accounts payable $ % Long-term debt $ %
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