Question: Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,632, accounts payable of $95,540, common stock

 Determine the amount of long-term debt for ABC Co. using the

Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,632, accounts payable of $95,540, common stock of $400,562, retained earnings of $500,078, inventory of $206,183, other assets equal to $76,441, net plant and equipment of $705,664, short-term notes payable of $30,000, and accounts receivable of $142,478. x Long-Term Debt

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