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GenX Enterprises prepared its financial statements for 2015 based on the information below. The company had cash of $1,350, inventory of $12,480, and accounts receivables
GenX Enterprises prepared its financial statements for 2015 based on the information below. The company had cash of $1,350, inventory of $12,480, and accounts receivables
of $6,589. The companys net fixed assets were $40,331, and other assets were $1,822.
GenX had accounts payable of $10,604, notes payable of $2,886, common stock of $22,400,
and retained earnings of $14,368. How much long-term debt did the firm have?
a. | $16,685 |
b. | $18,334 |
c. | $12,314 |
d. | $22,342 |
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