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Given the following data for the Crane Company: Current liabilities $300 Long-term debt $XXX Common Stock $600 Retained Earnings $1200 Total liabilities & stockholders equity
Given the following data for the Crane Company:
| Current liabilities | $300 |
| Long-term debt | $XXX |
| Common Stock | $600 |
| Retained Earnings | $1200 |
| Total liabilities & stockholders equity | $2400 |
Calculate the missing amount for long-term debt.
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A. $300
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B. $1200
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C. $600
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D. None
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Auditors Guide To IT Auditing Software Demo
Authors: Richard E. Cascarino
2nd Edition
1118147618, 978-1118147610
