The Bristol Corporation Data for the Current Year and Prior

question 75

Multiple Choice

The Bristol Corporation data for the current year and prior year is as follows: With respect to long-term liabilities, what would a horizontal analysis report?

• A)Long-term liabilities decreased by 11.76%.
• B)Long-term liabilities increased by $4000.
• C)Long-term liabilities increased by 11.76%.
• D)Long-term liabilities decreased by $4000.

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