The total assets of Lafayette Company are $66,030. Common stock account is $22,480, dividends are $8,980, revenues are $43,960, and expenses are $39,080. What is the amount of the company's total liabilities?

The total assets of Lafayette Company are $66,030. Common stock account is $22,480, dividends are $8,980, revenues are $43,960, and expenses are $39,080. What is the amount of the company's total liabilities?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please given answer
What is the company's long term debt?