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Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,723, accounts payable of $95,591, common stock
Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,723, accounts payable of $95,591, common stock of $401,194, retained earnings of $500,129, inventory of $204,960, other assets equal to $76,133, net plant and equipment of $707,654, short-term notes payable of $30,000, and accounts receivable of $142,312.
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