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Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,517, accounts payable of $98,222, common stock
Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,517, accounts payable of $98,222, common stock of $400,953, retained earnings of $501,897, inventory of $204,104, other assets equal to $77,636, net plant and equipment of $707,392, short-term notes payable of $30,000, and accounts receivable of $142,569.
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