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The assete of Dallas & Associates consist entirely of current assets and net plant and equipment. the firm has total assets of $2.5 million. it
The assete of Dallas & Associates consist entirely of current assets and net plant and equipment. the firm has total assets of $2.5 million. it has notes payable of $100,000, long-term debt of $600,000, and total common equity of $1.5 million. the firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its balance sheet. How much is total current liability, CL?
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