whitewater9875 whitewater9875

01-12-2017
Business

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A firm has $260,000 in assets and $158,000 in stockholders' equity. it owes $55,000 from a long-term loan, and this is its only long-term liability. this firm has ____ in total current liabilities.

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codisfunlol codisfunlol

01-12-2017

$47,000 in total current liabilities.

$260,000- ($158,000+$55,000)= $47,000

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