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13. (3 points) Buildings, land, and equipment are classified as a long term assets. b. long term liabilities. a. current assets. d. 14. intangible assets.
13. (3 points) Buildings, land, and equipment are classified as a long term assets. b. long term liabilities. a. current assets. d. 14. intangible assets. (3 points) The balances of selected accounts of Donovan, Inc. as of 12/31/21 follow 15. Building . Cash Office Supplies Furniture Prepaid Insurance Accumulated Depreciation-Furniture . Land Accumulated Depreciation-Building Accounts Receivable- Debit Credit 140,000 6,000 1,200 6,000 600 2,000 31,000 4,800 2,000 What is the net amount of long term assets for Donovan on its balance sheet at 12/31/21? a. $140,000 b. $170,200 C. $171,000 d. $177,000 (3 points) An account that is not closed at the end of an accounting period is called a(n) revenue account. a. b. C. temporary account. expense account. 16. d. permanent account. (3 points) Carrier Travel, Inc. has Cash of $300, Accounts Receivable of $800, and Office Supplies of $700. Carrier owes $400 on Accounts Payable and has Salaries Payable of $100. What is Carrier's current ratio, rounded to two decimal places? a. 0.77 b. 3.60 0.28 ADOR C. d. 1.38
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