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3 years ago

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A firm has $260,000 in assets and $158,000 in stockholders' equity. it owes $55,000 from a long-term loan, and this is its only

long-term liability. this firm has ____ in total current liabilities.

1 answer:

Nina [5.8K]3 years ago

7 0

$47,000 in total current liabilities.

$260,000- ($158,000+$55,000)= $47,000

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4 years ago

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