Determine the value of the long-term debt, Accounting Basics

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Determine the value of the long-term debt

Problem:

Donner United has total owners' equity of $18,800. The firm has current assets of $23,100, current liabilities of $12,200, and total assets of $36,400.

Required:

Question: What is the value of the long-term debt?

Note: Show supporting computations in good form.

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Accounting Basics: Determine the value of the long-term debt

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Accounting Basics: Determine the value of the long-term debt

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