Answer:
$18,334
Explanation:
Given the following :
Cash worth = $1,234
Inventory worth = $13,480
Accounts receivable worth = $7,789
Net fixed asset = $42,331
Other assets = $1,822
Accounts payables = $9,558
Notes payables = $2,756
common stock = $22,000
Retained earnings = $14,008
Long term debt :
Total asset - current liability - stockholders equity
Total asset =current asset + net fixed asset + other asset
Current asset = cash worth + inventory worth + accounts receivables
Current asset = $(1234 + 13480 + 7789) = $22503
Total asset = $(22503 + 42331 + 1822) = $66656
Current liabilities = Accounts payables + notes payables
Current liabilities = $(9558 + 2756) = $12314
Stockholders equity = $(22,000 + 14,008) = $36,008
Long term debt :
Total asset - current liability - stockholders equity
$(66656 - 12314 - 36008) = $18,334
