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(1) The total dollar amount of assets to be classified as investment is?. (2) The total dollar amount of assets to be classified as current

(1) The total dollar amount of assets to be classified as investment is?. (2) The total dollar amount of assets to be classified as current assets is? (3) The total dollar amount of assets to be classified as property, plant, and equipment is?

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Question 20 (1 point) Saved Use the following information to answer the question(s) below. Gomez Company Balance Sheet December 31, 20xx Assets Cash $70,000 Short-term investments 56,000 Accounts Receivable 28,000 Notes receivable (due in 1 year) 42,000 Merchandise Inventory 98,000 Land held for future use 112,000 Land 140,000 Building $150,000 Less accumulated depreciation 28,000 122,000 Trademark 92,000 Total assets $760,000 Liabilities Notes payable ( due in 1 year) $70,000 Accounts payable 30,000 Salaries payable 14,000 Mortgage payable (due in 7 years) 146,000 Total Liabilities $260,000 Owner's Equity Lisa Gomez, Capital $500,000 Total liabilities and owner's capital $760,000

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