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What is the balance sheet amount for long-term assets

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Reference no: EM132646464

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

Reference no: EM132646464

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