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The following accounts were taken from the records of a company as of December 31, 2019: Account Payable $47,000, Account Receivable $22,000, Building $215,000, Cash
The following accounts were taken from the records of a company as of December 31, 2019: Account Payable $47,000, Account Receivable $22,000, Building $215,000, Cash $15,000, Land $76,000, Bonds $35,000, Land (held for speculation) $120,000, Goodwill $28,000, Salaries & Wages Payable $75,000, Accumulated Depreciation Building $92,000, Prepaid rent expense $12,000, Unearned Service Revenue $8,000, Patent $50,000. Based on the above information, Total Long-term Liabilities is:
Select one:
a. $43,000.
b. $82,000.
c. $35,000.
d. $110,000.
The following accounts were taken from the records of a company as of December 31, 2019: Account Payable $47,000, Account Receivable $22,000, Building $215,000, Cash $15,000, Land $76,000, Bonds $35,000, Land (held for speculation) $120,000, Goodwill $28,000, Salaries & Wages Payable $75,000, Accumulated Depreciation Building $92,000, Prepaid rent expense $12,000, Unearned Service Revenue $8,000, Patent $50,000. Based on the above information, Total Long-term Liabilities is:
Select one:
a. $43,000.
b. $82,000.
c. $35,000.
d. $110,000.
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