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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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8 years ago
The balances of select accounts of Stephanie, Inc. as of December 31, 2016 are given below.

   Debit   Credit
Building   $100,000   
Cash   8,000   
Office Supplies   800   
Furniture   6,000   
Prepaid Insurance   500   
Accumulated DepreciationFurniture      $4,000
Land   33,000   
Accumulated DepreciationBuilding      4,700
Accounts Receivable   4,000   

What amount of total long-term assets would be shown on the balance sheet?
A) $139,000
B) $130,300
C) $133,000
D) $100,000
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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TanksTanks
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8 years ago
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H3Ko Author
wrote...
#2
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
wrote...
#3
5 years ago
thank you
wrote...
#4
3 years ago
thanks
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