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Question - The balances of select accounts of Stephanie Company as of December 31, 2016 are given below.
Debit
Credit
Building
$100,000
Cash
6,000
Office Supplies
1,200
Furniture
7,000
Prepaid Insurance
650
Accumulated Depreciation - Furniture
$3,000
Land
32,000
Accumulated Depreciation - Building
4,500
Accounts Receivable
3,000
What amount of total long-term assets would be shown on the balance sheet?
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The specific course learning outcomes associated with this assignment are:
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