Question

Wommack Interiors had a beginning long-term debt of 51,207 and an ending long-term debt of36,714. What is the change in long-term debt?

1) $14,493
2) $15,207
3) $36,714
4) $51,207

Answer 1

The change in long-term debt is $14,493.

Step-by-step explanation:

The change in long-term debt can be calculated by subtracting the beginning long-term debt from the ending long-term debt.

In this case, the change in long-term debt is $36,714 - $51,207 = $-14,493.

Therefore, the correct answer is $14,493.