Sharpshooter Productions needs help checking the accuracy of their balance sheet. The firm reports the following: Entry Cash and marketable securities Accounts payable Common stock Retained Earnings Accounts Receivable Value Entry Value $201,250.00 Goodwill and other assets $89,330.00 $82,800.00 Net fixed assets $458,110.00 $100,000.00 Notes payable $66,075.00 $532,460.00 Long-term debt ????? $276,870.00 Inventory $123,225.00 What is the long-term debt for Sharpshooter for the financials to be correct? Submit Answer format: Currency: Round to: 2 decimal places. Show Hint

Sharpshooter Productions needs help checking the accuracy of their balance sheet. The firm reports the following: Entry Cash and marketable securities Accounts payable Common stock Retained Earnings Accounts Receivable Value Entry Value $201,250.00 Goodwill and other assets $89,330.00 $82,800.00 Net fixed assets $458,110.00 $100,000.00 Notes payable $66,075.00 $532,460.00 Long-term debt ????? $276,870.00 Inventory $123,225.00 What is the long-term debt for Sharpshooter for the financials to be correct? Submit Answer format: Currency: Round to: 2 decimal places. Show Hint

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

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 16P: Ratios Analyses: McCormick Refer to the information for McCormick above. Additional information for...

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