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Gerald Sales has total owner's equity of $18,700. The firm hascurrent assets of $6,200, current liabilities of $1,500, and totalassets of $30,000. What is the

Gerald Sales has total owner's equity of $18,700. The firm hascurrent assets of $6,200, current liabilities of $1,500, and totalassets of $30,000. What is the value of the long-term debt? 2 answers

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