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Unformatted text preview: being needed. 14-5 a. . earnings Retained stock Common debt term-Long Payable Accounts equity and s liabilitie Total + + + = $1,200,000 = $375,000 + Long-term debt + $425,000 + $295,000 Long-term debt = $105,000. Total debt = Accounts payable + Long-term debt = $375,000 + $105,000 = $480,000. Alternatively, Total debt = equity and s liabilitie Total- Common stock - Retained earnings = $1,200,000 - $425,000 - $295,000 = $480,000....
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This note was uploaded on 07/13/2011 for the course FIN 4414 taught by Professor Staff during the Spring '08 term at University of Florida.
- Spring '08