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Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,746, accounts payable of $98,230, common stock
Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,746, accounts payable of $98,230, common stock of $401,490, retained earnings of $501,284, inventory of $206,388, other assets equal to $77,731, net plant and equipment of $706,960, short-term notes payable of $30,000, and accounts receivable of $142,464.
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