Huron Has Provided the Following Year-End Balances: Cash,$25,000

question 42

Multiple Choice

Huron has provided the following year-end balances: Cash,$25,000
Patents,$7,900
Accounts receivable,$9,300
Property,plant,and equipment,$98,700
Prepaid insurance,$3,600
Accumulated depreciation,$10,000
Inventory,$37,000
Retained earnings,15,500
Trademarks,$12,600
Accounts payable,$8,000
Goodwill,$11,000
-
How much are Huron's net noncurrent assets?

• A)$122,300.
• B)$120,200.
• C)$123,800.
• D)$112,300.

---

Definitions:

Civil Law

The branch of law dealing with the definition and enforcement of all private or public rights, as opposed to criminal matters.

Society

Society is a group of individuals involved in persistent social interaction, or a large social group sharing the same spatial or social territory, typically subject to the same political authority and dominant cultural expectations.

Case Law

Law established by previous court decisions and based on precedent rather than statutes.

U.S. Constitution

The foundational document of the United States, establishing the framework of the federal government and outlining citizens' rights.