Teakap, Inc., has current assets of $1,456,312 and total assets of $4,812,369 for the year ending September 30, 2016. It also has current liabilities of $1,041,012, common equity of $1,500,000, and retained earnings of $1,468,347. What is the value of long term debt?

$803,010

Explanation:

Calculation for the value of long term debt

First step is to find the Stockholders' equity

Stockholders' equity = $1,500,000 + $1,468,347 Stockholders' equity= $2,968,347

Last step is to find the Long-term debt

Using this formula

Value of Long-term debt= Total assets – Current liabilities – Stockholders' equity

Let plug in the formula.

Value of Long-term debt= $4,812,369 – $1,041,012 – $2,968,347

Value of Long-term debt = $803,010

Therefore the Value of Long-term debt

will be $803,010

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the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.