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Question 1 5 pts The assets of Dallas & Associates consist entirely of current assets and net plant and equipment. The firm h
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Answer #1

Note payable = $150,000

Long term debt = $730,000

Accounts payable and accruals = $100,000

Total debt = Note payable+ Long term debt +Accounts payable and accruals

= 150,000+730,000+100,000

= $980,000

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