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Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,690, accounts payable of $97,376, common stock
Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,690, accounts payable of $97,376, common stock of $401,438, retained earnings of $501,215, inventory of $204,391, other assets equal to $77,650, net plant and equipment of $707,731, short-term notes payable of $30,000, and accounts receivable of $142,838.
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