Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance
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Question:
Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,479, accounts payable of $97,808, common stock of $401,347, retained earnings of $501,034, inventory of $207,976, other assets equal to $77,482, net plant and equipment of $708,170, short-term notes payable of $30,000, and accounts receivable of $142,782.
What is the long term debt?
Related Book For
Understanding Financial Accounting
ISBN: 978-1118849385
1st Canadian Edition
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
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