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A Firm Has Current Assets of $400, Shareholders' Equity of $700

Question 197

Multiple Choice

A firm has current assets of $400, shareholders' equity of $700, current liabilities of $300, and net fixed assets of $600. What is the amount of long-term debt?


A) $0
B) $100
C) $200
D) $300
E) $400

Correct Answer:

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