Below Is a List of Various Balance Sheet Accounts and Their

question 30

Multiple Choice

Below is a list of various balance sheet accounts and their balances.
$$\begin{array} { | l | l | l | } \hline & \text { Debit } & \text { Credit } \\\hline \text { Building } & \$ 130,000 & \\\hline \text { Cash } & 7000 & \\\hline \text { Supplies } & 1000 & \\\hline \text { Furniture } & 6000 & \\\hline \text { Prepaid insurance } & 4700 & \\\hline \text { Accumulated depreciation - furniture } & & \$ 950 \\\hline \text { Land } & 34,000 & \\\hline \text { Accumulated depreciation - building } & & 4700 \\\hline \text { Accounts receivable } & 950 & \\\hline\end{array}$$
What are the total non-current assets that would be shown on the balance sheet?

• A) $164,000
• B) $130,000
• C) $164,350
• D) $170,000

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Definitions:

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Drawing a conclusion about a certain characteristic of a population based on a sample from it.

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The provision of reasons or evidence to justify a claim or argument.