The Following Information Is from the Noncurrent Asset Portion of Randle

question 14

Multiple Choice

The following information is from the noncurrent asset portion of Randle Company's balance sheet.
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { December } 31$
$\begin{array}{lcccc}&2017&2016\\\text { Property, plant, and equipment } & \$ 140,000 & \$ 125,000 & \\\text { Accumulated depreciation } & (69,500) & (57,000) \\\text { Long-term investments } & 27,000 & 15,000 &\end{array}$

The following activities occurred during 2017:
Sold equipment with an original cost of $8,000 and a book value of $2,500 for $2,000 cash.
Depreciation expense for the year totaled $18,000.
Purchased property for $23,000 cash.
Purchased long-term investments for $12,000 cash.
What is the amount of cash used by investing activities?

• A)$27,000
• B)$51,000
• C)$33,000
• D)$14,500
• E)None of the answer choices is correct.

Educate parents on effective discipline strategies for children.

Advise on how and when to communicate sensitive topics like adoption with children.

Distinguish between different family structures and their characteristics.

Understand the concept of genotype and phenotype and their differences.

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Definitions:

Structure

A fundamental concept in chemistry and biology referring to the arrangement or organization of atoms within a molecule or the arrangement of parts in an organism or an object.

Major Organic Product

The predominant product formed in a given organic chemical reaction, typically favored by conditions or reagent choice.

Structure

Refers to the arrangement of and relations between the parts or elements of something complex.

Major Organic Product

During an organic chemical reaction, the key product generated in the utmost yield.