CFAI mock afternoon Q's 32 and 34... Subtracting Debt to val first, only, afternoon, determine, capital

franzino

Hello Everyone, my first ever post!
I’m confused about which debt to subtract from EV to determine equity value.  In Q32, they subtract A/P, notes payable, and LTD.  In Q34 only LTD.  I thought A/P was a part of working capital and shouldn’t be backed out….  Why not also subtract notes payable from EV in Q34??
I’ve posted the Q’s below for reference.
Thanks!!!
(questions removed)