Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the comparative temporary investments and inventor

The comparative temporary investments and inventory balances of a company follow. ...

80.2K

Verified Solution

Question

Accounting

The comparative temporary investments and inventory balances of a company follow.

Current Year Previous Year
Accounts payable $84,246 $73,900
Long-term debt 55,447 62,300

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 Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Delta, Inc. has 10 million shares of common stock outstanding and 120,000 bonds with an 8%,...

Finance
Q

Which term refers to an individual s outward appearance with respect to a specific characteristic...

Biology
Q

Marina rend a drone and model airplane at the Auto-Models for Teens. The following system...

Basic Math
Q

f x x Let x be any arbitrary element of R then Right hand limit...

Calculus
Q

Use the half angle formulas to simplify the expression sqrt 1 cos8x 1 cos8x

Algebra
Q

Wall Nuts, Inc. produces paneling which requires two processes, A and B, to complete. Oak...

Accounting
Q

Red Stone LLC uses variable costing and absorption costing. Using the absorption costing income statement,...

Accounting
Q

P-8: Underwriting Spread (LO15-2) Assume Sybase Software is thinking about three different size offerings for...

Accounting
Q

Sentinel Corporation is preparing its cash payments budget for next month. The following information pertains...

Accounting
Q

Listed below are steps of purchasing and receiving materials: 1. The receiving clerk prepares a...

Accounting
Q

The department Chair estimates the cost of lab equipment budget as given below: New equipment...

Accounting
Q

Exavior Inc.'s cash flow from assets during the current year is $180 million, which is...

Finance