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A company has $1,399 in inventory, $4,854 in net fixed assets, $682 in accounts receivable, $310 in cash, $650 in accounts pa
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Answer #1

Total assets=inventory+net fixed assets+AR+Cash

=(1399+4854+682+310)=7245

Total assets=Total liabilities+Total equity

7245=AP+Long term debt+5449

Long term debt=7245-650-5449

=$1146

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