The Following Assets Are Included in Fortible Auto Parts, Inc

question 108

Multiple Choice

The following assets are included in Fortible Auto Parts, Inc.'s December 31, 2016, balance sheet. $\begin{array}{lr}\text { Accounts Receivable } & \$ 65,000 \\\text { (net of Allowance for Uncollectible Accounts) } & \\\text { Accumulated Depreciation, Building } & 32,000 \\\text { Building } & 150,000 \\\text { Cash } & 80,000 \\\text { Land } & 160,000 \\\text { Merchandise Inventory } & 90,000 \\\text { Trademark } & 125,500\end{array}$ The total dollar amount of assets classified as property, plant, and equipment on Fortible Auto Part's December 31, 2016, classified balance sheet is:

• A) $250,000.
• B) $310,000.
• C) $278,000.
• D) $375,000.

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Definitions:

Chemical Burn

Tissue damage caused by exposure to a corrosive substance, which can affect the skin and eyes among other body parts.

Eye Irrigations

The process of flushing or washing out the eyes with a fluid to remove foreign bodies or chemicals.

Lactated Ringer's

A solution used in intravenous therapy for fluid and electrolyte replenishment, containing sodium, chloride, potassium, calcium, and lactate.

Chemical Splash Injury

An injury caused by the exposure of skin or eyes to hazardous chemicals in liquid form, often requiring immediate medical attention.