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The Balances of Select Accounts of Stephanie,Inc What Amount of Total Long-Term Assets Would Be Shown on Are

Question 24

Multiple Choice

The balances of select accounts of Stephanie,Inc.as of December 31,2016 are given below.  Debit  Credit  Building $100,000 Cash 8,000 Office Supplies 800 Furniture 6,000 Prepaid Insurance 500 Accumulated Depreciation-Furniture $4,000 Land 33,000 Accumulated Depreciation-Building 4,700 Accounts Receivable 4,000\begin{array} { | l | r | r | } \hline &{ \text { Debit } } & \text { Credit } \\\hline \text { Building } & \$ 100,000 & \\\hline \text { Cash } & 8,000 & \\\hline \text { Office Supplies } & 800 & \\\hline \text { Furniture } & 6,000 & \\\hline \text { Prepaid Insurance } & 500 & \\\hline \text { Accumulated Depreciation-Furniture } & & \$ 4,000 \\\hline \text { Land } & 33,000 & \\\hline \text { Accumulated Depreciation-Building } & & 4,700 \\\hline \text { Accounts Receivable } & 4,000 & \\\hline\end{array} What amount of total long-term assets would be shown on the balance sheet?


A) $100,000
B) $130,300
C) $133,000
D) $139,000

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