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Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,649, accounts payable of $98,691, common stock
Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,649, accounts payable of $98,691, common stock of $401,213, retained earnings of $501,089, inventory of $207,020, other assets equal to $77,491, net plant and equipment of $706,418, short-term notes payable of $30,000, and accounts receivable of $142,494.
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