Huron has provided the following year-end balances:
Cash,$25,000
Patents,$7,900
Accounts receivable,$9,300
Property,plant,and equipment,$98,700
Prepaid insurance,$3,600
Accumulated depreciation,$10,000
Inventory,$37,000
Trademarks,$12,600
Goodwill,$11,000
How much are Huron's net noncurrent assets?
A)$122,300.
B)$120,200.
C)$123,800.
D)$112,300.

Question

Huron has provided the following year-end balances:
 Cash,$25,000
 Patents,$7,900
 Accounts receivable,$9,300
 Property,plant,and equipment,$98,700
 Prepaid insurance,$3,600
Accumulated depreciation,$10,000
 Inventory,$37,000
Trademarks,$12,600
 Goodwill,$11,000
How much are Huron's net noncurrent assets?
A)$122,300.
B)$120,200.
C)$123,800.
D)$112,300.

Quizplus · Accepted Answer

Huron's net noncurrent assets ($120,200) include patents ($7,900), property, plant, and equipment ($98,700), accumulated depreciation (-$10,000), trademarks ($12,600), and goodwill ($11,000).

Huron Has Provided the Following Year-End Balances