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The balance sheet of Daoud Company as of December 31/12/2020: Assets Liabilities and Equity Current Assets 40,000 Current Liabilities 30,000 Fixed Assets 20,000 Long-Term Liabilities
The balance sheet of Daoud Company as of December 31/12/2020: Assets Liabilities and Equity Current Assets 40,000 Current Liabilities 30,000 Fixed Assets 20,000 Long-Term Liabilities 10,000 Total Assets 60,000 Equity 20,000 Total Liabilities and Equity 60,000 Cost of current liabilities= 3%, while the cost of long - term liabilities= 6%. The company increased the current liabilities by 5,000 JOD, resulting in a decrease in long - term liabilities in the same amount. Calculate the total cost of the liabilities for the company before and after the change in the level of liabilities
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