Respuesta :
Answer:
The long term debt is $167,721
Explanation:
Workings are attached.
Answer:
long temr liabilities $167,721
Explanation:
We solve using the accounting equation:
Assets = Liabilities + Equity
Assets:
cash balance of $23,015,
inventory of $212,100,
accounts receivable of $141,258
and other current assets of $11,223
net plant and equipment of $710,100,
goodwill and other assets equal to $78,656
Total: 1.176.352
Equity
common stock of $312,100,
retained earnings of $512,159
Total 824.259
We now replace and solve for Liaibilities
Assets = Liabilities + Equity
1,176,352 = Liabilities + 825,259
Liaiblities = 352,093
Where:
accounts payable of $163,257
and short-term notes payable of $ 21,115
Total short term: $ 184,372
long term + short term = total liabilities
long term + 184,372 = 352,093
352,093 - 184,372 = 167,721