How much long-term debt does the firm have?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:November Ino. prepared ita 2023 financial statement based this information. The company had cash $1234, Inventory
$13,480, equity $36,008, accounts receivable 97,789, net fixed assets 842.331, other long-term assets $1822, accounts
payable $9.558, and accrued taxes $2,756. How much long-term dobt does the firm høve?
O $12,314
O$54,342
O None of the provided answers is correct
O918.334
O $76,342
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