The following is a summary of information presented on the financial statements of a company on December 31, 2017. With respect to long-term liabilities, a horizontal analysis reveals ________.
A) long-term liabilities decreased by $14,000
B) long-term liabilities decreased by 24.56%
C) long-term liabilities decreased by 24.53%
D) long-term liabilities decreased by $7,000

Question

The following is a summary of information presented on the financial statements of a company on December 31, 2017.  With respect to long-term liabilities, a horizontal analysis reveals ________.
A) long-term liabilities decreased by $14,000 
B) long-term liabilities decreased by 24.56% 
C) long-term liabilities decreased by 24.53% 
D) long-term liabilities decreased by $7,000

Quizplus · Accepted Answer

The Answer of The following is a summary of information presented on the financial statements of a company on December 31, 2017.  With respect to long-term liabilities, a horizontal analysis reveals ________.
A) long-term liabilities decreased by $14,000 
B) long-term liabilities decreased by 24.56% 
C) long-term liabilities decreased by 24.53% 
D) long-term liabilities decreased by $7,000

The Following Is a Summary of Information Presented on the Financial