The following is a summary of information presented on the financial statements of a company on December 31,2019. With respect to long-term liabilities,a horizontal analysis reveals ________.
A)long-term liabilities decreased by $19,000
B)long-term liabilities decreased by 33.33%
C)long-term liabilities decreased by 16.98%
D)long-term liabilities decreased by $7000

Question

The following is a summary of information presented on the financial statements of a company on December 31,2019.  With respect to long-term liabilities,a horizontal analysis reveals ________.
A)long-term liabilities decreased by $19,000 
B)long-term liabilities decreased by 33.33% 
C)long-term liabilities decreased by 16.98% 
D)long-term liabilities decreased by $7000

Quizplus · Accepted Answer

11ea8a75_4278_0548_a2a1_27a2a42f2c87_TB6701_00 Liabilities
 11ea8a75_4278_0549_a2a1_01686109a3a0_TB6701_00

The Following Is a Summary of Information Presented on the Financial