Favre Company has current assets, shareholders' equity, current liabilities, and long-term liabilities of $20,000, $54,000, $8,000, and $16,000, respectively. How much are long-term assets?
A)$24,000
B)$58,000
C)$64,000
D)$92,000

Question

Quizplus · Accepted Answer

The Answer of Favre Company has current assets, shareholders' equity, current liabilities, and long-term liabilities of $20,000, $54,000, $8,000, and $16,000, respectively. How much are long-term assets?
A)$24,000
B)$58,000
C)$64,000
D)$92,000

Favre Company Has Current Assets, Shareholders' Equity, Current Liabilities, and Long-Term