Desi Company, a merchandising firm, reports the following data as of January 31 Cash $20,000 Accounts...

 

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Desi Company, a merchandising firm, reports the following data as of January 31 Cash $20,000 Accounts Receivable 40,000 Building 100,000 Inventories 45,000 Equipment 150,000 Long-term Investment 35,000 What is the dollar amount of long-term assets? Desi Company, a merchandising firm, reports the following data as of January 31 Cash $20,000 Accounts Receivable 40,000 Building 100,000 Inventories 45,000 Equipment 150,000 Long-term Investment 35,000 What is the dollar amount of long-term assets?

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To determine the dollar amount of longterm assets we need to sum up the ... View the full answer