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The Following Is a Summary of Information Presented on the Financial

Question 32

Multiple Choice

The following is a summary of information presented on the financial statements of The Cake Company on December 31, 2014. The following is a summary of information presented on the financial statements of The Cake Company on December 31, 2014. What would horizontal analysis report with respect to long-term liabilities? A) That long-term liabilities decreased by $30,000 B) That long-term liabilities decreased by 40% C) That long-term liabilities decreased by 60% D) That long-term liabilities decreased by 67% What would horizontal analysis report with respect to long-term liabilities?


A) That long-term liabilities decreased by $30,000
B) That long-term liabilities decreased by 40%
C) That long-term liabilities decreased by 60%
D) That long-term liabilities decreased by 67%

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