The Balances of Select Accounts of Sandra Inc

question 91

Multiple Choice

The balances of select accounts of Sandra Inc.as of December 31,2015 are given below.
-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:

Resources

Resources refer to assets, materials, and inputs used in the production of goods and services, including natural, human, and capital resources.

Parity

The state of being equal or equivalent in terms of value, status, or quantity.

Government Price Supports

Financial subsidies or regulation mechanisms employed by governments to maintain the market price of a commodity or service above market level.

Rationale

The underlying reason or logical basis for a decision, action, or belief, often used in argumentation or analysis.