The balances of select accounts of Sandra Inc.as of December 31,2015 are given below.
-What are the total long-term assets that would be shown on the balance sheet?
A)$120,000
B)$152,200
C)$155,000
D)$158,000

Question

The balances of select accounts of Sandra Inc.as of December 31,2015 are given below.  
-What are the total long-term assets that would be shown on the balance sheet?
A)$120,000 
B)$152,200 
C)$155,000 
D)$158,000

Quizplus · Accepted Answer

Total long-term assets = Property, plant, and equipment + Intangible assets + Investments = $120,000 + $20,000 + $12,200 = $152,200

The Balances of Select Accounts of Sandra Inc