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Gnesinka [82]
2 years ago
5

ssume on December 1, 2017, a company borrows funds to purchase equipment. The company will make the following principal payments

: 2018, $5,100 2019, $3,600 2020, $2,160 2021, $1,620 On December 31, 2019, the total long term liabilities will be $______
Business
1 answer:
Alchen [17]2 years ago
7 0

Based on the information given, the total value of the long-term liabilities will be $7380.

Long-term liabilities simply refer to the liabilities that are payable after twelve months. They are the liabilities that are due after one year of normal operation.

The long-term liabilities will be:

= $3600 + $2160 + $1620

= $7380

In conclusion, , the total value of the long-term liabilities will be $7380.

Read related link on:

brainly.com/question/25553265

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