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 codisfunlol
  • 01-12-2017
$47,000 in total current liabilities. 

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