In a balance sheet Current Assets are $4 000; Long-term Assets are $6 000; Total Owners' Equity is $6 000; Current Liabilities are $3 000. What are Long-term Liabilities?

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Long-term Liabilities can be calculated by subtracting Total Owners' Equity and Current Liabilities from Total Assets. Total Assets = Current Assets + Long-term Assets = $4,000 + $6,000 = $10,000. Therefore, Long-term Liabilities = Total Assets - Total Owners' Equity - Current Liabilities = $10,000 - $6,000 - $3,000 = $1,000.

In a Balance Sheet Current Assets Are $4 000; Long-Term