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Horizontal Analysis
The comparative temporary investments and inventory balances of a company follow.
| Current Year | Previous Year |
Accounts payable | $35,904 | $35,200 |
Long-term debt | 36,935 | 41,500 |
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 | $ | | % |
Answer & Explanation
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