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

11ea8a42_4f75_66c8_8b44_cbf8da0de69c_TB5024_00 
Liabilities
 11ea8a42_4f75_66c9_8b44_3338c8b33ad6_TB5024_00

The Following Is a Summary of Information Presented on the Financial