Question: Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,410, accounts payable of $94,905, common stock
Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,410, accounts payable of $94,905, common stock of $400,548, retained earnings of $500,648, inventory of $205,912, other assets equal to $76,795, net plant and equipment of $706,532, short-term notes payable of $30,000, and accounts receivable of $142,760.
Long-Term Debt =$_______________
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