Question
On June 30 th , 2023, Carrabbas Italian Restaurant had long-term debt of $2,370,000. The previous year-end (June 30 th , 2022), the long-term debt
Taco Hell Inc. has long-term fixed assets of $3,620,000. On the liability side, its long-term debt is $1,300,000 and its current liabilities are $600,000. The company also reports book value of equity of $3,240,000. What is the amount of current assets in Taco Hell’s Balance sheet?
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Intermediate Accounting
Authors: Kin Lo, George Fisher
3rd Edition Vol. 1
133865940, 133865943, 978-7300071374
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