If Current Assets Are $15,200, Current Liabilities Are $3,100, Non-Current

question 51

Multiple Choice

If current assets are $15,200, current liabilities are $3,100, non-current liabilities are $45,000 and equity is $70,000, non-current assets are:

• A)$108,100
• B)$48,100
• C)$92,900
• D)$102,900

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Definitions:

Puritan Authorities

The leaders and officials within Puritan communities, especially in the 17th century, who enforced strict religious and social codes of conduct.

Massachusetts Bay Colony

A 17th-century British settlement in New England that became one of the early centers of the colony's government, trade, and religion.

Puritan Migrations

This term refers to the movement of English Puritans to North America, particularly to the Massachusetts Bay Colony, in the early 17th century to escape religious persecution.

Connecticut Valley

A major valley in the U.S. known for its fertile land, running through Connecticut and Massachusetts.