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Selected balance sheet amounts for Reed Corporation for 2017 follow: Current Assets: $9,450 Long Term Assets: ? Total Assets: ? Current Liabilities: $14,520 Long-term Liabilities:

Selected balance sheet amounts for Reed Corporation for 2017 follow:

Current Assets: $9,450

Long Term Assets: ?

Total Assets: ?

Current Liabilities: $14,520

Long-term Liabilities: $12,340

Total Liabilities: ?

Equity: $15,990

What is the balance sheet amount for Long-term Assets?

Question 5 options:

$26,860

$33,310

$29,500

$42,850

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