The Balances of Select Accounts of Stephanie,Inc What Amount of Total Long-Term Assets Would Be Shown on Are

question 100

Multiple Choice

The balances of select accounts of Stephanie,Inc.as of December 31,2016 are given below. $$\begin{array} { | l | r | r | } \hline &{ \text { Debit } } & \text { Credit } \\\hline \text { Building } & \$ 100,000 & \\\hline \text { Cash } & 8,000 & \\\hline \text { Office Supplies } & 800 & \\\hline \text { Furniture } & 6,000 & \\\hline \text { Prepaid Insurance } & 500 & \\\hline \text { Accumulated Depreciation-Furniture } & & \$ 4,000 \\\hline \text { Land } & 33,000 & \\\hline \text { Accumulated Depreciation-Building } & & 4,700 \\\hline \text { Accounts Receivable } & 4,000 & \\\hline\end{array}$$ What amount of total long-term assets would be shown on the balance sheet?

• A)$100,000
• B)$130,300
• C)$133,000
• D)$139,000

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