Kizspy | Question: 32
(Choose 1 answer)
(20534) Galan Associates prepared its financial statement for 2008 based on the information given here.The company had cash worth $1,234, inventory worth $13,480, and accounts receivables of $7,789. The company's net fixed assets are $42,331, and other assets are $1,822. It had accounts payables of $9,558,notes payables of $2,756, common stock of $22,000, and retained earnings of $14,008. How much long-term debt does the firm have?
A. $54,342
B. $76,342
C. $12,314
D. $18,334
