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 $75,000what is the amount of long-term assets assuming the accounts above reflect normal activity? $273,500. $98,000. $342,500. $173,000.
Answers: 3
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