The following is summary of information presented on the financial statements of a company on December 31,2015. What would a horizontal analysis report show with respect to long-term liabilities?
A)long-term liabilities decreased by $30,000
B)long-term liabilities decreased by 40%
C)long-term liabilities decreased by 13.33%
D)long-term liabilities decreased by $10,000

Question

The following is summary of information presented on the financial statements of a company on December 31,2015.  What would a horizontal analysis report show with respect to long-term liabilities?
A)long-term liabilities decreased by $30,000 
B)long-term liabilities decreased by 40% 
C)long-term liabilities decreased by 13.33% 
D)long-term liabilities decreased by $10,000

Quizplus · Accepted Answer

11ea84d1_1152_516f_83dc_8120fcc6482c_TB3006_00 Liabilities
 11ea84d1_1152_5170_83dc_c5f858c8df10_TB3006_00

The Following Is Summary of Information Presented on the Financial