The Following Is a Summary of Information Presented on the Financial

Multiple Choice

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