The balances of select accounts of Donovan, Inc. as of December 31, 2018 are given below....
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The balances of select accounts of Donovan, Inc. as of December 31, 2018 are given below. Credit Debit $120,000 Building Cash 9,000 Office Supplies 1,000 Furniture 4,000 Prepaid Insurance 600 Accumulated Depreciation-Furniture $2,000 Land 33,000 Accumulated Depreciation-Building 4,000 Accounts Receivable 2,000 What amount of total long-term assets would be shown on the balance sheet at December 31, 2018? A. $157,000 B. $120,000 OC. $151,000 OD. $153,000 The balances of select accounts of Donovan, Inc. as of December 31, 2018 are given below. Credit Debit $120,000 Building Cash 9,000 Office Supplies 1,000 Furniture 4,000 Prepaid Insurance 600 Accumulated Depreciation-Furniture $2,000 Land 33,000 Accumulated Depreciation-Building 4,000 Accounts Receivable 2,000 What amount of total long-term assets would be shown on the balance sheet at December 31, 2018? A. $157,000 B. $120,000 OC. $151,000 OD. $153,000
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College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
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