< > Content Management Accounting and Finance (Section 10) - TUESDAY E Course Home mylab.pearson.com Talking: Course Hame-jeel pat P Final Exam jeel patel 04/19/22 10:30 AM =Test: Final Exam Question 33 of 35 This test: 105 point(s) possible This question: 3 point(s) possible Submit test The accompanying table shows a statement of financial position for a certain company. All quantities shown are in millions of dollars. How would the balance sheet change if the company's long-term assets were judged to depreciate at an extra $5 million per year? Statement of Financial Position Assets Current Assets Liabilities Current Liabilities Cash 50 Accounts payable 42 Accounts receivable 22 Notes payable/short-term debt 7 Inventories 17 Total current assets 89 Total current liabilities 49 Long-Term Assets Long-Term Liabilities Net property, plant, and equipment 121 Long-term debt 128 Total long-term assets 121 Total long-term liabilities 128 Total liabilities 177 Shareholders' Equity 33 Total Assets 210 Total Liabilities and Shareholders' Equity 210 OA. Long-Term Liabilities would rise to $182 million, and Total Liabilities and Stockholders' Equity would would be adjusted accordingly. B. Net property, plant, and equipment would rise to $126 million, and Total Assets and Stockholders' Equity would be adjusted accordingly. C. Long-Term Liabilities would fall to $172 million, and Total Liabilities and Stockholders' Equity would be adjusted accordingly. D. Net property, plant, and equipment would be unchanged, and Total Assets and Stockholders' Equity would also remain the same. E. Net property, plant, and equipment would fall to $116 million, and Total Assets and Stockholders' Equity would be adjusted accordingly. Time Remaining: 01:06:04 Next