The McCumber Corporation data for the current year: With respect to long-term liabilities, what would a horizontal analysis report?
A)Long-term liabilities decreased by 6.15%.
B)Long-term liabilities increased by $8,000.
C)Long-term liabilities increased by 6.15%.
D)Long-term liabilities decreased by $1,800.

Question

The McCumber Corporation data for the current year:  With respect to long-term liabilities, what would a horizontal analysis report?
A)Long-term liabilities decreased by 6.15%. 
B)Long-term liabilities increased by $8,000. 
C)Long-term liabilities increased by 6.15%. 
D)Long-term liabilities decreased by $1,800.

Quizplus · Accepted Answer

The Answer of The McCumber Corporation data for the current year:  With respect to long-term liabilities, what would a horizontal analysis report?
A)Long-term liabilities decreased by 6.15%. 
B)Long-term liabilities increased by $8,000. 
C)Long-term liabilities increased by 6.15%. 
D)Long-term liabilities decreased by $1,800.

The McCumber Corporation Data for the Current Year: with Respect