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Business, 16.04.2020 02:05 hunndo9248

The following financial information is from Cook Company:

Accounts Payable$55,000
Land$90,000
Inventory$10,500
Accounts Receivable$7,500
Equipment$8,000
Deferred Revenue$58,500
Short-Term Investments$20,000
Notes Receivable (due in 8 months)$45,500
Interest Payable$2,000
Patents$75,000

What is the total amount of long-term assets assuming the accounts above reflect normal activity?

A. $173,000.
B. $98,000.
C. $273,500.
D. $342,500.

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Answers: 2

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The following financial information is from Cook Company:

Accounts Payable$55,000
...
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