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Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,405, accounts payable of $96,577, common stock
Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,405, accounts payable of $96,577, common stock of $400,803, retained earnings of $501,583, inventory of $205,222, other assets equal to $76,714, net plant and equipment of $706,103, short-term notes payable of $30,000, and accounts receivable of $142,591.
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