Answered: Sonny and Cher have a net worth of…

Sonny and Cher have a net worth of $40,445 and total assets of $206,698. If their short-term liabilities total $3,100, what are their long-term liabilities?

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter4: Gross Income

Section: Chapter Questions

Problem 1BCRQ

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Sonny and Cher have a net worth of $40,445 and total assets of $206,698. If their short-term liabilities total $3,100, what are their long-term liabilities?

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