Huron Has Provided the Following Year-End Balances

question 94

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
Trademarks,$12,600
Goodwill,$11,000
How much are Huron's net noncurrent assets?

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

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Definitions:

Assumptive Close

A closing technique where the salesperson assumes that the customer has already decided to purchase, and moves forward with steps toward finalizing the sale.

Control Module

A device or set of components that manages the operations of other components in a machine or system.

Orchestra Pit

The area in a theater, usually positioned in front of the stage and below audience level, where the orchestra performs during a show.

Standing-room-only Close

A sales technique that creates a sense of urgency by suggesting that the product is in high demand and availability is limited.