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Selected balance sheet amounts for Reed Corporation for 2017 follow.
Current Long-term Total Curret Long-term Total
assets assets assets liabilities liabilities liabilities Equity
$9,540 ? ? $14,520 $12,340 ? $15,990
Problem 1: What is the balance sheet amount for Long-term assets?
a. $42,850
b. $33,310
C. $26,860
d. $29,500
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