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The Following Is a Summary of Information Presented on the Financial

Question 55

Multiple Choice

The following is a summary of information presented on the financial statements of a company on December 31,2019. The following is a summary of information presented on the financial statements of a company on December 31,2019. With respect to long-term liabilities,a horizontal analysis reveals ________. A) long-term liabilities decreased by $19,000 B) long-term liabilities decreased by 33.33% C) long-term liabilities decreased by 16.98% D) long-term liabilities decreased by $7000 With respect to long-term liabilities,a horizontal analysis reveals ________.


A) long-term liabilities decreased by $19,000
B) long-term liabilities decreased by 33.33%
C) long-term liabilities decreased by 16.98%
D) long-term liabilities decreased by $7000

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