Determine amount of the total liabilities


Problem:

A firm has net working capital of $640. Long-term debt is $4,180, total assets are $6,230, and fixed assets are $3,910.

Required:

Question: What is the amount of the total liabilities?

  • $2,050
  • $2,690
  • $4,130
  • $5,590
  • $5,860

Note: Please show guided help with steps and answer.

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Accounting Basics: Determine amount of the total liabilities
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