What is organizations business debt after debt is paid off

Reference no: EM131979695

Question: A healthcare organization has the following financial information available in a balance sheet: Assets: Chas $10000, AR $5000, Machinery and Equipment $50,000. Liabilities: AP $6,000, Loans payable of $25,000, common stock of $34,000.

The organization decides to use $5000 of the organizations cahs reserves to pay off some of the loans payable of $25,000. What is the organizations business debt after the debt is paid off?

Reference no: EM131979695

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