Refer to the Following List of Liability Balances at December

question 68

Multiple Choice

Refer to the following list of liability balances at December 31, 2015. What is the total amount of long-term liabilities?

• A)$39,000
• B)$92,000
• C)$86,000
• D)$33,000

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Definitions:

10 Runs

In statistical quality control, a sequence of similar outcomes in a process, which may indicate non-random variation and signal the need for process examination.

Hole-in-one

A golfing term that describes the act of a golfer hitting the ball from the tee into the hole with just one stroke.

Subsequent Putt

A putt that follows an initial putt in the game of golf, attempting to get the ball into the hole.

Average Number

The value found by adding all the numbers in a set together and then dividing by the count of those numbers, often used in statistical analysis.