The following information has been collected from Firm A's 2007 annual report:
-Refer to the information above. What is the value of Firm A's long-term financial debt?

Question

The following information has been collected from Firm A's 2007 annual report: 
-Refer to the information above. What is the value of Firm A's long-term financial debt?

Quizplus · Accepted Answer

The long-term financial debt can be found in the liabilities section of the balance sheet. According to the provided annual report, Firm A's long-term financial debt is $12,370. Option A ($31,164) and Option C ($11,800) are not correct as they are not the correct value. Option D (none of the above) is also not correct as one of the options provided is the correct value. Therefore, option B is the best choice.

The Following Information Has Been Collected from Firm A's 2007