The Following Is Summary of Information Presented on the Financial

question 91

Multiple Choice

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