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Essen Inc. bought 80% of the equity capital of Heidleberg Ltd for 3,240MM. The transaction was funded by 90MM of Essen's balance sheet cash, an issuance of 1,710MM worth of Essen debt and the remainder with Essen equity. What is the consolidated long term debt?

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Based on the debt of Essen and that of Heidelberg, the consolidated long-term debt is $9,183.60.

What is the long-term debt of the consolidated entity?

The long-term debt will be the sum of the debt of both Essen and Heidelberg Ltd.

This is therefore:

= Essen bonds + Essen long term debt + Heidelberg long term debt

= 1,170 + 4,593.60 + 2,880

= $9,183.60

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