The Balances of Select Accounts of Sandra Company as at December

question 14

Multiple Choice

The balances of select accounts of Sandra Company as at December 31, 2015 are given below: $$\begin{array} { | l | r | r | } \hline & { \text { Debit } } & { \text { Credit } } \\\hline \text { Building } & \$ 120,000 & \\\hline \text { Cash } & 5,000 & \\\hline \text { Office Supplies } & 700 & \\\hline \text { Furniture } & 3,000 & \\\hline \text { Prepaid Insurance } & 450 & \\\hline \text { Accumulated Depreciation-Furniture } & & \$ 1,000 \\\hline \text { Land } & 35,000 & \\\hline \text { Accumulated Depreciation-Building } & & 4,800 \\\hline \text { Accounts Receivable } & 2,500 & \\\hline\end{array}$$
-Refer to the table above.What are the total long-term assets that would be shown on the balance sheet?

• A) $120,000
• B) $152,200
• C) $155,000
• D) $158,000

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Definitions:

Younger Workers

Individuals in the workforce who are typically classified by a younger age range, often new entrants or those in the early stages of their careers.

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