Please give me true answer this financial accounting question BrewTech, Inc. has current assets of $1,732,500 andtotal assets of $5,620,400 for the year ending December31, 2023. The company also has current liabilities of$1,295,600, common equity of $1,900,000, and retainedearnings of $1,725,000.Determine the long-term debt of BrewTech, Inc.

Step 1: Definition of Long-Term DebtLong-term debt refers to financial obligations or liabilities…

Answered: BrewTech, Inc. has current assets of…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter9: Current Liabilities And Contingent Obligations

Section: Chapter Questions

Problem 11GI

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BrewTech, Inc. has current assets of $1,732,500 and total assets of $5,620,400 for the year ending December 31, 2023. The company also has current liabilities of $1,295,600, common equity of $1,900,000, and retained earnings of $1,725,000. Determine the long-term debt of BrewTech, Inc.