The Balances of Select Accounts of Stephanie Company as of December

question 68

Multiple Choice

The balances of select accounts of Stephanie Company as of December 31,2016 are given below.

What amount of total long-term assets would be shown on the balance sheet?

• A)$100,000
• B)$131,500
• C)$132,000
• D)$139,000

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Definitions:

Tertiary Carbon

A carbon atom bonded to three other carbon atoms.

Secondary Carbon

A carbon atom that is attached to two other carbon atoms in an organic molecule.

Equatorial

Refers to the positions on a cyclic molecule that are more outwardly directed around the ring, often leading to reduced steric strain.

1,1,3-Trimethylcyclohexane

An organic compound consisting of a cyclohexane ring substituted with three methyl groups at the 1, 1, and 3 positions.